Seller is offering 30% ownership for $600,000. The ideal partner will bring a line of credit of at least $2,000,000 to expand the rental portfolio. Current assets include a turnkey 5-unit portfolio in East Hollywood! 4 townhomes + 1 villa in the same association. Near beaches, nightlife & transit. Self-managed associations with NO rental or age restrictions. Units Rent fast and tenants stay "forever". Perfect entry point for a new landlord or as an added value for experienced investors. I will remain as the manager in order to expand the portfolio of properties. The line of credit should be on "soft" terms since you will also enjoy 30% ownership as added equity on the loan.
