Updated over 1 year ago on . Most recent reply
Rick AlbertPoster
#2 House Hacking Contributor
#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
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Buying Small Homes on Small Lots as LTR - Thoughts?
Rick AlbertPoster#2 House Hacking Contributor
#2 House Hacking Contributor
- Real Estate Agent
- Los Angeles, CA
Hello All,
I'm considering buying a small home on a small lot in LA. Here are my thoughts:
1. Buy at a discount given the lack of building potential and can always pass that discount along when I sell.
2. There is still a high demand for SFRs.
3. Tenants may not care as much, therefore there may not be a big discount for the lack of space.
I'm curious if anyone else has gone down this path and what their experience has been.
Thanks!