My first guess would assume that they can barely hold onto the property, but the tax address of the homeowner/s is in Beverly Hills, not exactly a cheap place to live...My question is, why would they be holding onto this property?

My first guess would assume that they can barely hold onto the property, but the tax address of the homeowner/s is in Beverly Hills, not exactly a cheap place to live...My question is, why would they be holding onto this property?

This is particularly true for a 4 unit I purchased in Dec of 2018.... 2 tenants have turned over since that time and cash flow has gone up approx $1.5K per month.Of course, keep in mind, this property is located near USC...so it isn't exactly Beverly Hills or Santa Monica.

Here's 2 CPA's I would recommend that are local to us here:McIlvain & Associates – Beverly Galbraith or Tasha Whiddon (Partner) –  www.mcilvain.net Don McCartney - http://www.mccartneycpa.com/

Most on here would probably say $100 cashflow from a property in the middle of nowhere is better vs. negative $100/month cashflow in Beverly Hills.

@John WarrenHappy Holidays John, I need a GC for a 203k as well in the Beverly area.

If that sounds like a steal — even in the middle of a global pandemic that has nearly ground travel to a halt — the infamous Viceroy L’Ermitage, 9291 Burton Way, Beverly Hills, could be yours.

- Japeth Carter[Beverly Hills, Los Angeles, Burbank, Santa Monica, Malibu, Pacific Palisades, Glendale, Sacramento, San Diego, San Francisco, Seattle, Phoenix, Las Vegas, Vancouver, British Colombia, Dallas, Houston, Austin, Miami, Jacksonville, Orlando, Atlanta, NYC, Brooklyn, Manhattan, New Jersey, Charleston, Charlotte, Chattanooga, International]

I sure wouldn't mind living in this duplex in Beverly Hills:https://www.redfin.com/CA/Beve...Anyway, if you want to talk more about househacking, it's a nerd passion of mine -- happy to discuss!

I own a 3 family in Salem and a 2 family house hack in Beverly.