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Los Angeles: This Section 8 Deal Hits the 2% Rule
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Los Angeles: This Section 8 Deal Hits the 2% Rule | MLS Search & Analysis 2,902 - 460 Baird
During the 2,902nd episode of The MLS Search & Analysis Show, James Wise breaks down a cheap Section 8 rental opportunity that should catch the attention of Los Angeles, California investors tired of overpriced rentals, rent control, and weak cash flow. This Akron property is ugly, low-income, and not for beginners, but the numbers are the whole point: around $59,900 asking price, potential $1,100 monthly Section 8 rent, and a deal that comes close to the 2% rule in a market where landlord-friendly cash flow still exists. For Los Angeles investors looking to go out of state, Akron shows why cheap Midwest Section 8 rentals can offer the kind of ROI California properties simply cannot touch. VIP PLUS Members get full access.