Funding Deals in the LA Market

[Dorian Jones]

How’s it going BP family? I’ve been reading, listening to podcasts and I hear a lot of people(new and seasoned investors) picking up deals left and right. I am in the Los Angeles market and just comparing the prices to these deals people are finding it seems a little more feasible. Correct me if I’m wrong, in the LA market you’ll need a bit more capital compared to some other markets. If you’re buying a 80-100k property it’ll be easier to save up the 20 or 30 percent requires to get a hard money loan or something. Here in my market you can find something maybe 200-300k on the lower end and that’s if the price isn’t driven up by other investors, and that 20-30% increases drastically. I know that there are deals out there I’m not complaining just curious how LA investors are findings their deals. Do you first save up 50-100k first or is there another route that you are using to get funding for these deals. Any advice is greatly appreciated.