Los Angeles Apartment Building

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Posted by Jeff Hodge on November 20, 2008 at 07:34:25:
I have an investor friend of mine who is looking to purchase an apartment building for around $10M in the Santa Monica/Los Angeles area. This investor is very savvy and owns over 30 buildings already, so he won't look at anything from MLS, he wants to purchase at 50 to 60% of current market value, with a cap rate below 10%. I need to find an REO building that a bank needs to unload at that price. Any thoughts or suggestions would be appreciated.

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Re: Los Angeles Apartment Building Tom Resner 11:44:13 11/21/08 (1)

Re: Los Angeles Apartment Building Jeff Hodge 13:10:03 11/21/08 (0)

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