Re:Investors bought a quarter of US homes sold last year
by asdff on Thursday August 25, 2022 @01:12PM
(#32596766)
Don't forget the surface parking lots too. Plenty of great locations in downtown LA or Hollywood and elsewhere are squandered. This includes a corner lot on Hollywood and Vine, which seems pretty prime.
There is low hanging fruit but people with smaller pockets need to go after what is available. I looked at every multi family listing for months in LA until I found something that wasn't bleeding cash and was zoned for more units. Most listings were just unrealistic and had some hold out tenants. It turned out to be bleeding cash, but still a good buy.