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Updated over 2 years ago,
first time investor buy and hold in CA
I am a new agent in Southern California and I have a friend who wants to purchase an investment property locally where we live (redondo beach, hermosa beach, torrance). This market is very expensive and she plans to finance the purchase, but when I run the numbers it is around $2k of negative cash flow. How can I make a purchase in So. Cal near the beaches work for her without significant negative cash flow and still allowing for financing use?