Best way to find an owner financed investment property in LA

[Timur Salikov]

Hello,

I'm looking for some advice on how to get an owner financed building / investment property

in an a C Class neighborhood like Boyle Highest or South Central.

What I'm looking for:

A two story building with some rental units on top and one or two retail stores at the bottom

OR I'm also open to a large residential house that is 6 / 7 bedrooms.

Value add building that has a large upside later down the road, I would live in the building and remodel.

My experience:

I currently own a duplex in Boyle Heights since 2015. Just about finishing up the renovations and ready to rent it out for positive cashflow. This is a good time to start looking for my next project.

Do you guys know anyone in Los Angeles that managed to get an owner financed building?

If so, what would be the best way.. Should I go out driving and look for buildings and try and contact the owners or should I get a hold of an agent that could possibly help me out.

Any thoughts?

[Gene Hacker]

Because you are looking for something so specific, creating a direct mail campaign which focuses on exactly what you are looking for might be the best strategy.  Once you are talking to a seller, then you can work in the idea of owner carryback financing.