Purchase price: $485,000 Cash invested: $100,000 Originally on the market for $700,000.

I'd also recommend dumping the garages there's almost a total loss on that unless you are putting units above them on a dense infill lot for additional units it's not worth the cost of construction. build cost is pretty high for your market for three story suburban walk ups. we could never build at that price and make any money. suburban sells for 160k a door in our market with land. get on yardi make sure you Arne't going to lose money on it.

Because it’s a smart way to dip my toes into the real estate market without diving headfirst.

Looking ahead to my next project, do you have any advice or resources for finding off market deals? 

If you had a bit more capital, say $80,000 - $100,000, you could start doing BRRRR's in markets like Detroit (this is what I do).

LA didn't have as much of an upswing in home values over the last ten years compared to the other areas but I also don't want to buy at the top of the market (which is San Diego right now, although may be doubtful it decreases - some places up 110%).

Yet, as I closely monitor the current housing market, I realize that stability and thorough due diligence are paramount before taking ownership.

It’s highly passive and there not much to do other than network and marketing.

These sit longer on the market and with banks you can get more off of the price.

Utilizing Kim's local market expertise, we quickly assessed the property's potential.