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Updated almost 8 years ago on . Most recent reply

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Diane G.
  • CA
1,059
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1,320
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Los Angeles County MFH - so temping

Diane G.
  • CA
Posted

I have been looking at Burbank/Pasadena/Glendale, and find some of the MFH so temping...

For a budget of $2M ish, there are quite some good choices... At least comparing to Bay Area....

For example, 5 unit non-rent control in Burbank for $1.7M, on a really nice street... Boy, so temping.....

Most Popular Reply

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653
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Tim Ryan
  • Investor / Mentor / Contractor
  • Arcadia, CA Buying Out of State
613
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653
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Tim Ryan
  • Investor / Mentor / Contractor
  • Arcadia, CA Buying Out of State
Replied

$340,000 per unit. Ok great so each unit will bring in rents of $3400 per month right?
Word of advice - try not to compare an extremely over priced rental market with an even higher priced one and call it good.
Sorry, I'm sounding kinda rude. Actually just trying to help. I went thru the same thing several years ago until I realized this, which is now my motto:
Live where ever you want but Invest ONLY where it makes sense...

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