Thank your for your answer,  definitely agree with you.

A lot of people get attracted to buying near the theme parks, but you'll definitely get better appreciation more north, the high traffic usually deters people.

That being said, people can definitely be messy and I find myself doing a good portion of the dishes.

You'll need to work with a General Contractor (GC) to get all figures dialed in before you get approved for the loan.Land Loans: These are definitely doable, however the terms are not the greatest.

With what you're trying to do I definitely recommend speaking to an agent that is familiar with what you're trying to do as well as a financial planner THAT ACTUALLY DOES FINANCIAL PLANNING.You'll come to find that most financial planners are 100% commission based life insurance agents disguising themselves as a financial planner lol.Good luck!

It can be easy to forget sometimes and it definitely never hurts to have that quick reminder!

Honest opinion - this seems like a great opportunity for you with 70% LTV at 5.5% for a property this type/size - I would be very very careful if you need to get the other 20% as a relatively new investor - someone willing to lend the remaining 20% could easily take advantage or come up with terms that could cost you - definitely depends on the further info - but tapping the equity of your current rentals and taking down the full 30% equity stake in this acquisition would probably be the best bet

It is definitely more than possible to be successful wholesaling in Los Angeles.

I'd definitely take a look at those Wholesaling categories and identify some individuals that you'd like to mentor/partner with and see if theres any way you can provide value and/or just reach out to them and ask!

I asked the owner to review it because a number of the comps were definitely outside of the area and the adjustments didn't make sense.