All Forum Posts by: Ciprian L.

Thank you!

Hello BP!

I'm looking at a few properties that don't have central AC system.

How much would it cost to add central AC and heat to an old house that has around 1100-1500 sq ft in Los Angeles area?

@Angelo Escalante Welcome to BP neighbor!

Good luck with your real estate investing!

@Kevin Costner  looks like a good deal. Good luck!

@Kevin Costner How much are you paying in rent right now? Are you going to live in the 1 bedroom apartment? Are the 2 and 3 bedrooms at market rent or below?

If the 1 bedroom rents for 500, It's almost 1% ARV, not bad for California.

@Paul Vang do you currently own or rent?

If you rent maybe you can buy a 2-4 plex and live in one of the units. Find something that needs work and has below market rents.

If you need help analyzing the deal post it here in the forums.

@Chris C. Welcome to BP!

I purchased a duplex in Burbank 2 years ago and live in one side and rent the other side to a tenant , now I can move out and the duplex will cash flow. Looking to repeat the experience.

If you are interested in this type of strategy (house hacking) send me a PM and we can meet.

@Michael Choi Welcome to BP!

Maybe better cash flow but not better ROI for out of state.

Good luck!

@Mark Sleeper Welcome to BP!

Are you looking to buy a single family or 2-4 plex?

You should always look for a deal, good deals sell fast, you have to learn the market and know how a good deal looks like.

I would recommend to buy something that needs some work and has rent increase potential.