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Updated over 4 years ago,
Investing in Los Angeles
Hello everyone, quite new to investing but have been reading the forums and watching the videos on BiggerPockets. My question or concern is, all these people who are investing are talking about quickly turning around their first investment into multiple units and they get the ball rolling either through cash flow or appreciation. In my market (San Fernando Valley/Los Angeles), I can't wrap my head around this. Everything I run the numbers either requires a large down payment and at a lower than average price. I guess my question is, do other beginner investors notice that getting the ball rolling in Los Angeles is much slower than other parts of the country?