I’m looking for a $50,000 house in L.A.

[Guillermo Vladimir Robles]

Can someone please show me a way to find a $50,000 house in L.A. Thank you.

[Todd Rasmussen]

@Guillermo Vladimir Robles

I can only think of three strategies if 50K is your total budget:

1) Subject to (you'd have to be able to pick up a significant mortgage payment)

2) Mobile homes too old to qualify for conventional financing

3) Lease a really nice car and buy some designer suits. Befriend a middle aged woman with an elderly husband. Wait for him to die, marry her, then wait for her to die. Half of half of something is better than all of nothing.

If your cash on hand is 50K you have some more options like live in flip or house hacking.

Are you trying to keep your total investment at 50K? or is 50K cash on hand? both?