Building wealth and scaling in Pasadena area

[Karim E.]

Hi everyone,

How would you deploy ~$110k (excluding closing cost) to scale and build wealth in Pasadena? This is not much given this hot market but I’m interested to know and understand some creative ways to start. Would you use all that capital for the down payment or use for example 10% and let the property appreciate and allocate the rest on another investment? I would love to hear your feedback!

Thanks for your time

[Nabil Suleiman]

Originally posted by @Karim E.:

@Zambricki Li thank you but I think we are all aware of the fact that Pasadena is very competitive, should I give up? Any market in LA area with high appreciation will experience the issues you mentioned. I was also looking to Chino Hills, what do you think about it?

There will always be opinions out there when it comes to whats best for you, but you will be the only one that can decide which route you want to go. Shiny diamonds sit everywhere, and everyone will promote the diamond they believe in and talk negatively on the path you thought you wanted to pursue. the negativity that you are unable to achieve goals in Pasadena is either by those that have given up, or those that just don't believe it possible.  You should take the time now to educate yourself on the pros and cons to each diamond in your line of site (Pasadena, Chino Hills, out of state etc.) When you begin to feel more confident about the area that excites you the most, then begin exploring how to make it happen instead of listening to others say that you can't.