Long Beach

[Tarquinn Curry]

Is anyone hear doing some investing in the Long Beach area of California. If so, what do you think of the current market in this area? I am looking to invest in a multiunit (between $550,000-$650,000) or even a single family (300,000-400,000). My goal is to utilize an FHA first time buyer program and only pay 3.5%. My real estate agent told me that it can be more difficult to purchase a good cash flowing multiunit in long Beach with an FHA loan since I'm competing with people who are willing to put 20% down. Does anyone with experience investing in this area (or within a 20 mile radius of Long Beach) have some perspective?

[Bernie Germani]

@Tarquinn

I live in Long Beach, and bought my 1st rental duplex in 2008, it cash flows but I also bought it very cheap. Long Beach is a great area; however you are better off trying to find off market stuff( doing your own mailings) than to find something on the MLS, just my opinion.

Feel free to reach out to me if you need any ideas, or help down in LBC.

Bernie