All Forum Posts by: Marina Flu

@Dan Heuschele

I'm in the LA market and am having a hard time finding a deal.  What area are you looking at?  Maybe we can talk.

Thanks

I would expect to have $300-400/month cash flow. Thank you for your help

I'm planning on managing myself. I work at the university and would be close for any problems that my arise. The house is just slightly under market value at about 20-30k. 

I'm looking at a property in Los Angeles next to a University to be rented for students.  It is located 1 1/2 blocks from the University.  It is 4 bed/2 bath house, 1057sq ft and lot is 2667sq ft. It was build in 1912 and for Los Angeles that's old.  Water Heater and drain system at newer (still under warranty).  It is rented out to students thus a high turn over rate but always in demand.  Monthly rent is $2650, laundry collects $100 each month, storage shed rented for $100/month.  The asking price is $395,000.  I have about $90,000 saved and will need to put 20% down.  Does this sound like a good deal or should I continue to look?  Also if I get the property, I will be left with no cash to invest further.  Is it worth it or should I look at fix and flip to build up more cash?

Thank you for your help.  I have about a million thoughts going through my mind trying to decide which way to go.

Marina G.

looking forward to it