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Investment Properties in 90024 : Real Estate Advice

  • All41
  • Local Info2
  • Home Buying18
  • Home Selling4
  • Market Conditions2

Activity 3
Thu May 7, 2015
Rich answered:
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0 votes 17 answers Share Flag
Sat Mar 21, 2015
Alex Khalilifard answered:
It seems like you did everything right and everything seems to be the correct procedure and process it should have been done.

Alex Khalilifard | Realtor - General Contractor
BRE License #: 01937591
Listing and Selling Agent
RE/MAX
Alex@TopHomesLA.com
Direct: 818.925.8088
http://www.TopHomesLA.com
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0 votes 3 answers Share Flag
Fri Aug 2, 2013
Douglas Lagos answered:
Hi,

You are on the right path, but your first question should be, can I make money/have cash flow from a condo rental in 90024 buying a condo at $XXX price?

Buying cheaper than the current average price does not mean you'll have cash flow. What about property taxes, insurance, homeowner dues, and other expenses?
Will the current monthly rent cover all those costs, and leave you some cash at the end? What happens when an appliance breaks, or there's a plumbing leak?

You really need to work with a Realtor that has experience in not just buying and selling, but also on investment properties and rental units!

If you haven't found one yet, I'm experienced in all of those. I have been buying and selling, flipping and renting, for over 12 years. I can walk you through each step of the transaction and what to expect when renting, the right tenant, and more.

I'm here to help! Call me at (310) 463-8088.
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