Well…you gotta love it! After being SO excited for this place, each little thing we learned throughout due diligence just added up to too much and we sent over the cancellation.
1 — with an investment property, you want to confirm the P&L (profit and loss) statements. The rents did not match up to what we expected them to be so that changed the numbers.
2 — there were some physical layout and short-term rental restriction issues that just felt like it was going to be too much to cover.
If we can’t agree on a win-win for both the buyers and the sellers, we can amicably part ways and let it go to someone who is super excited about it!
Again, my role as a realtor is NOT to sell you a house!!
It’s to help you find the RIGHT place that meets YOUR goals.
So, on to the next!! <3
Sammy Lyon
REALTOR®️
DRE #02113227
www.buyahouseinLA.com
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Dow Capital
Office Lic. #01081741