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Updated almost 7 years ago,
How can I make a deal?
Hello Biggerpockets forum,
I’m Fred, a entrepreneur/ investor from California looking to make a real estate deal ASAP.
I moved to Long Beach in 2007 then relocated to the Los Angeles area. I have slowly noticed the changes and am very confident in my market knowledge. Although this market is saturated and very expensive there are gems where value can be added and great cash flow can be had. I have noticed several great real estate options as I am looking to fund my own rental property within the next year.
I’ve found a multi-family unit in a Los Angeles, that I’m sure I could get for 460k$-490k$ because it’s been on the market for 20 some odd days but the price has continuously went down.
The problem is I’m not licensed so I can’t access the all numbers but it’s estimated 2,600 monthly ownership cost. I was able to find a newly updated 1 bed , 1 bath for 2,100$ a month making this a major opportunity for good cash flow within 2 years.
So I have 3 questions...
•Does this sound like a good opportunity to you?
•If you are an active investor searching out opportunities, is this something you would invest in?
And finally..
•How can I be apart of getting this deal done?
Thanks