Identifying the best areas of L.A to buy rental property

[John Campbell]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Los Angeles.

Purchase price: $375,000
Cash invested: $15,000

Duplex in the gentrifying area East of Downtown Los Angeles which is still an excellent place to invest

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

I think buy and hold is an excellent strategy, this property is now doubled in value over 8 years and is cash-flow positive.

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

I found it and negotiated all aspects of the deal myself

How did you finance this deal?

FHA Loan

How did you add value to the deal?

Cosmetic upgrades

What was the outcome?

No vacancy in 8 years excellent rental property

Lessons learned? Challenges?

Important to give your tenants excellent service as a landlord

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

Myself