A quick idea for anyone looking to invest with cash. Consider this:
1) You can buy some fairly clean 2 bed, 1 bath single family homes in many areas of LA for $200,000.
2) You can sell a turn key 3 bed, 2 bath home in the exact same area for $350,000 to $400,000.
3) The difference between these two sales prices is a minimum of $150,000. It does not cost $150,000 to add a bed and a bath to a property and to clean up the place. Why not start buying up 2+1s and put them back on the market at 3+2s? I'm sure you can clear at least $25,000 if not much much more!
Food for thought for all of you who have the cash and have been holding on to it til now! Ask me to show you some good flipping opportunities!
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