Long Beach Investing

[Victor Medina]

Long Beach transplant here considering buying a property in the new year utilizing a FHA loan (potentially 203k loan as well).

Anyone have recommendations on investor friendly agents/lenders?

All suggestions/advice are welcomed :)

[Marissa Case]

@Victor Medina and @Alexis Hui  I have a mortgage broker that we have been using for years. He has the ability and knowledge to find any type of financing option you are looking for. Message me if you would like his information.

I am a real estate agent born and raised in Los Cerritos/Bixby Knolls neighborhood of Long Beach and currently live in California Heights in Long Beach. The area over here is amazing and very family oriented, but expensive. We own single family income properties in Anaheim and Lake Elsinore and find that we have to work to find deals that will be cash flow positive but it is possible with work and patience. We purchased our last property in 2018 in Lake Elsinore that brings around 14% ROI. So the deals are out there, you just have to be flexible in location (city) or be prepared to wait, have realistic expectations (some work may be required), and be prepared to act when an opportunity presents itself. I am currently working with 2 investors looking for duplex/single family income properties and it is very competitive out there. I wish you luck and if you have any questions or need any assistance let me know.

@Josh Castellanos be careful with AirBnB in Long Beach. Long Beach is one voting session away from capping un-hosted units to only 1,000 units for the whole city, increasing the taxes for all AirBnB hosts to hotel tax rates, allowing only 90 days per year for renting out the entire house for hosted units, and giving neighborhoods the right to petition that their neighborhood be blocked out from AirBnB.