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Updated about 4 years ago,

User Stats

48
Posts
14
Votes
Carla Carvalho
  • Specialist
  • palo alto, CA
14
Votes |
48
Posts

How to use new Studio City investment property?

Carla Carvalho
  • Specialist
  • palo alto, CA
Posted

Hello,

I have invested before but Los Angeles is new to us. Somehow on our first trip we found ourselves a "highly motivated" Seller and a gorgeous SFR house in Studio City. Before I knew it, we were in contract. We have 60 days to figure out how to use this gem (seller gets 60 day rent back due to personal circumstance.) 4 beds, 4 baths, new pool, new hot tub, newly remodeled 2012. Flat part of SC near 101. Projected rent will easily cover expenses with cashflow $750-1000/month. But is this best use of this type of property? What has been your experience with "corporate rentals" (or 30 day rentals) in this market - and how do I get connected? I don't live in LA so can't stomach a night-to-night rental - the amount of work would knock out any gains based on my experience elsewhere.

Thank you for your input! :)

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