Seeking advice : New investor in Los Angeles Market

[Colin Lee]

Hi BP members! Hello! I'm very new to the industry and trying to seek advices in rental property investments . From my brief study, cap rates ranges from 3.5~4.7% in general. Not sure if it's good time to invest or hold capital for downturn. New tax rate will bring down to 20% for LLC so it's a good thing but the price is high so wanted to see if it's better to hold my hat and learn more till we have the down cycle. In the mean time, I could flip few $500k houses to generate profits. Any comments or advice will be greatly appreciated. Also, is there a meet for Los Angeles BP members? Thank you very much!

[Ali Boone]

I would certainly flip right now if you know how to over holding anything. Prices are horrible right now...I'd be shocked if you can get a 3.5-4.7% cap rate (where are you finding those?)

There is one group that meets in West LA the [second Saturday of each month?] in Santa Monica. It's led by @Jeff Greenberg. It's a cool one--very casual, everyone just mentions what they are working on, everyone can ask questions to anyone they want, great networking. Literally everyone is usually working on something different so lots of helpful stuff and ideas floating around. Jeff can add you to the mailing list if you want, I'm sure.