bkshopr_IHB
New member
Met an UCI student in line. He is renting a room for $700 in a house by Michelson and Culver. Both living and dining have been walled to create extra rooms. The only common area is the kitchen and bathrooms. He said there are a total of 9 room in the 2 story home. 9x700=$6,300. He also said 2 rooms are in the garage. He found the room rental from Craiglist.
IHO here is an idea for you to be the Irvine slumlord with positive cash flow.
He found 6 other properties like this with Chinese landlords by the same area. No wonder FCB are buying up properties even at WTF prices. They found a way to increase rent cash flow by adding 4 to 5 more bedrooms.
IHO here is an idea for you to be the Irvine slumlord with positive cash flow.
He found 6 other properties like this with Chinese landlords by the same area. No wonder FCB are buying up properties even at WTF prices. They found a way to increase rent cash flow by adding 4 to 5 more bedrooms.