If you've ever considered buying rentals in Los Angeles in the past few years, you probably quickly asked yourself something as you scanned down the pro-forma sheet: Where's the cash flow?
In many areas of L.A., it's near impossible to buy residential income property and get any kind of cash flow without putting down a significant down payment. But not everywhere.
And with rents rising, you may want to jump into income property. Well, there are a few areas where buying rental property can bring cash flow without a huge down payment. And there's even a few areas where you can find cash flow and expect some property appreciation in the next few years. Now, these are not the well known areas of town. But there is money to be made here.
Let me give you a little inkling of what I'm talking about: EAST L.A.
Monday, July 30, 2007
Buying rentals in East L.A.
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