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Updated almost 4 years ago on . Most recent reply

Jorge Ramsés García's profile image
Jorge Ramsés García's profile image
Jorge Ramsés García
  • Real Estate Agent
  • from Los Angeles, CA
  • Member since Jun 22, 2020
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8
Votes
Jorge Ramsés García's profile image
Jorge Ramsés García's profile image
Jorge Ramsés García
  • Real Estate Agent
  • from Los Angeles, CA
  • Member since Jun 22, 2020
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Jorge Ramsés García
  • Real Estate Agent
  • Los Angeles, CA
8
Votes |
38
Posts
Local Real Estate Networking

REAL ESTATE IN LOS ANGELES

Jorge Ramsés García
  • Real Estate Agent
  • Los Angeles, CA
Posted

What would you do with 90k in Los Angeles?

1 Vote
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Angel Castillo's profile image
Angel Castillo's profile image
Angel Castillo
  • New to Real Estate
  • from Houston, TX
  • Member since Jan 11, 2021
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5
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Angel Castillo's profile image
Angel Castillo's profile image
Angel Castillo
  • New to Real Estate
  • from Houston, TX
  • Member since Jan 11, 2021
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Angel Castillo
  • New to Real Estate
  • Houston, TX
5
Votes |
8
Posts
Angel Castillo
  • New to Real Estate
  • Houston, TX
Replied

Buy a property that has potential for value add on ... put 3.5 %down say you spend 40k on closing and down payment then use remaining 50k to put up some walls... add a restroom and a gas range(won’t be 50k) ... now you have a separate unit ... in LA you’ll rent for at least 1.8k/mo ... you can live there and cut your mortgage expense by 1.8k or rent it all out and cash flow per month.

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