The property needed about $2,000 worth of work and a weekend to fix it up for renters. The seller paid for a home warranty which will take care of the minor plumbing, electrical repairs for a year. It is easy and there are plenty of deals and renters out there, especially in the SFV where many condos are back to mid '90's prices. Let me know if I can help.
There are several great deals available, but there are several things you must take into consideration, such as rent control, supply and demand of rental properties in the area you are looking to buy, the work the property might need, ect. Contact me, so we can figure out what investment will be the best for you. I have several homes for sale in Los Angeles. I think you make be interested in a duplex I have for sale at $180k the first unit is a 3 bedroom 1 bath and the second unit is a 1 bedroom 1 bath. Here is my email email@example.com or my number (323) 482-0705
I work with real estate investors (including 1st time investors) and would love to help you out. The LA area is very big. It would be helpful to know, more specifically, what you are looking for, so feel free to contact me through my profile or by phone. Then we can, working together, get you a great investment property. Dare to Dream.
Real Estate Consultant
RE/MAX Palos Verdes Realty