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Updated over 8 years ago,
First Flip About to Commence
Hey everyone! I am in escrow on that Fannie Mae home I posted about a few weeks back. We close on the 6th.
SO NOW - Experienced house flippers - give me some advice. The house is a single family dwelling on an R2 lot in South Central LA - near USC (yes, I'm aware of the risk here). It is currently 2bd/1ba with an illegal half bath that I plan on getting permitted. If you had some extra money in your reno budget would you A. build a small studio apartment off the garage since the lot is zoned for it (lots of renters near USC). OR B. finish out the huge *** attic to be a master suite, knowing the area is primarily large families and 2 bedrooms - while common in the area - is not ideal. Decisions Decisions.....