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Updated over 7 years ago,
LA area house hack on multifamily under 400K: pipe dream?
How likely is it to find a duplex under 400K in the LA area that you could get an FHA/203K loan on that would generate enough ROI to get me started as an investor? I'm guessing serious rehab may be involved, yet I'm new at that as well. Initial searching and running the numbers is discouraging, so I guess I'm reaching out for some localized knowledge.