REAL ESTATE IN LOS ANGELES
What would you do with 90k in Los Angeles?
Most Popular Reply
Buy a property that has potential for value add on ... put 3.5 %down say you spend 40k on closing and down payment then use remaining 50k to put up some walls... add a restroom and a gas range(won’t be 50k) ... now you have a separate unit ... in LA you’ll rent for at least 1.8k/mo ... you can live there and cut your mortgage expense by 1.8k or rent it all out and cash flow per month.