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Flipping Challenges into Cash in South Central LA!
Manage episode 425481264 series 3576166
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On this episode of Realty Talk, we're diving into our wild journey with a tricky investment in South Central LA. It all started with the surprise discovery of squatters and a seriously damaged foundation. With repair costs threatening to blow our renovation budget, we had to get creative to tackle this financial headache.
Join us as we turn a potential loss into a profitable venture. We'll walk you through our experience converting the property from a single-family home into a duplex with additional ADUs. We'll also discuss securing permits, planning the development, and various exit strategies, like building and renting out the units or selling the property with approved plans.
Tune in to see how creative solutions and strategic pivots can help tackle even the toughest challenges in real estate investment.
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Stephen Couig:
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Chapters
1. Challenges in Real Estate Investment (00:00:00)
2. Creative Real Estate Development Strategies (00:07:25)
11 episodes
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