Looking For A Investment Property In Los Angeles, CA

[Jorge Raygoza]

I have been approved for $425k. Can't seem to find anything at that price for a multi-family nor for a single family. However, I'm able to afford a condo.... Opinions?

[Edward Tamayo]

@Jorge Raygoza

There are plenty of condos in Inglewood for that price range. I personally wouldn’t buy investment property in LA city unless you enjoy paying your tenants at least $10k to get them to move out every time you want to evict a bad tenant. All my rental HOUSES are in Bakersfield. Much better landlord climate, tenants rights in LA county are off the chains in favor of the tenants. & the small landlords get seriously burned, I got stories for days. U gotta be a big institutional investment company to make any money in the LA rental market. & the pro bono (free) tenants rights advocates are more than happy to represent dead beat tenants because when they win the case against the inexperienced beginner landlord (you), the judge usually ends up ordering the landlord to pay all the legal costs for the tenants lawyer, plus the relocation money for the tenant, After not paying you rent for 3 to 6 months. Hey good luck finding that investment property…