Hey folks, my wife and I are circling a historical home in LA (1930's) that needs to be updated.  has anyone on BP done this with a historical house? Anyone have experience with the Mills Act?Can you recommend a GC to...

@Marjeanne FieldsThanks for inputI have flipped 35 single family houses so I have a clear understanding as far as rehab costsI put number higher due to common areas that need updating which will cost me 60-10k so I just divided that cost by 32 and added to each unitIt’s literally next door to a great hospital and 1 min from train station in a very good areaMy gut says stay away - there isn’t currently enough cash flow to allow fixing up units.I know hat buyer wants to unload He got to big to fast and doesn’t have time to deal with this.

Best way for me to find local cash buyers to wholesale to?

So you couldn't find a buyer?

Now it feels much more like a buyers market.

Consider the following scenario, presented by a question.Buyer 1 and Buyer 2 live in a low supply high demand multi family housing area.

The home had severe structural/foundation issues which were not disclosed in that pre-listing inspection report that was sitting on the kitchen counter during our buyer's inspection.

Getting your RE license is a good way to gain knowledge but it teaches you how to assist buyers and sellers through the home buying/selling process.

They should have contested a line item then as we had done when security deposits and commission to the buyers agent was not listed. 

We found a buyer who offered a great price (off market).