Fairly new - Help with this deal!
Hey guys, as mentioned, I'm fairly new to the REI world. I decided to try and put together an example deal for a property in my city (Los Angeles). This is a simple rental property calculation, but it comes back looking like a pretty bad deal. In fact most of the sample deals I've been trying to put together look pretty bad. Is there anything I may be missing? This is considered a "cheaper" property in the city of LA and this price point is something realistic to what I'm looking for. Any help is appreciated!
- Tommy
Most Popular Reply
Hey Tommy, When I click the link it only loads a grey screen. But if you are looking at LA as a purchase to rent as is it won't be pretty hard to find something here that cash flows. You generally will need to find something that needs major repairs or would need to have a value add component to it in some way. aka adding square footage, creating a second unit with an ADU. Additionally are you looking to be owner occupied or are you buying it as a investment property, and how much are you putting down?
- Nabil Suleiman
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