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Updated almost 9 years ago,

User Stats

25
Posts
10
Votes
Jonathan Tea
  • Rosemead, CA
10
Votes |
25
Posts

Palmdale for a first timer from Los Angeles

Jonathan Tea
  • Rosemead, CA
Posted
First time poster, lurker for a couple of months. I'm from Los Angeles (San Gabriel Valley) not making crazy amounts of money. I'm in my mid 20s making a little under 50k a year. At my current rate it'd be impossible for me to save enough money to get anything around here. I mulled over the idea of getting something out in the Midwest but the idea of managing it thousands of miles away is pretty daunting especially for a first timer. So I've started looking for something more "local". Two hours drive away is Palmdale. I wouldn't mind driving out there if I have to. The housing is more affordable and it looks like they're cash flow positive. With the new aerospace jobs that are imminent and the transportation projects happening there in a few years, it looks like Palmdale will be growing for a couple of years. As a first timer who wants to own their first rental property any tips from seasoned investors that deal around Palmdale? ☺️ trying to reduce as many first timer mistakes. Much appreciated!

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