Rental Arbitrage in Los Angeles

[Cavan Mitchell]

Investment Info:

Other other investment.

Cash invested: $10,000

Rental Arbitrage #1 in Los Angeles.

What made you interested in investing in this type of deal?

Was close to work

How did you find this deal and how did you negotiate it?

Drove around neighborhood.

How did you finance this deal?

Self financed.

How did you add value to the deal?

Furnished location and made it tenant proof.

What was the outcome?

Tenant stayed in location for 3 years.

Lessons learned? Challenges?

Fortunate to have a very responsible tenant with bad credit.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No, handled it with tenant directly.