Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
California Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

6
Posts
6
Votes
Curtis Chen
  • Title Representative
  • Brea, CA
6
Votes |
6
Posts

LA/OC/IE SFR strategies seem to be very limited

Curtis Chen
  • Title Representative
  • Brea, CA
Posted

Hi Everyone, 

Just wondering what people are doing with SFR property here in the hot spots. Los Angeles and Orange Counties, and the IE West of the 15 freeway. I'm targeting off market vacant homes in the established areas, first one was in Garden Grove that I was actually able to get close to 70% ARV that I wholesaled off to a flipper. I'm currently working on one in the IE west of the 15 freeway which I want to try something on my own. I feel like I have sufficient funds @100k and a network of private money lenders ready but since nothing can cash flow around these areas, is the only strategy flipping? I'm more attracted to rental property for cash flow.


I might move my growing family in to this next one and just work on paying down a conventional loan until it can cash flow in to a rental prop but that is going to take time. I'm trying to work out the numbers but it seems like without a substantial down payment, cash flow is impossible thus eliminating any type of rental/brrrr strategy. I'd be happy if it can break even and I just sit on the appreciation since these are in highly desirable areas but would like to hear if people are doing things differently?


I understand cash flow properties are better found outside of CA and I will be digging in to those in the future, even possibly outside of the country in expat communities (one of my partners is a digital nomad that lives abroad is familiar with areas in Thailand, Colombia, Indonesia etc). My sources will only help me dig up off market vacants in the hot spots so that's why my finds will always be in these established areas, but again, looks like I would be stuck with wholesaling them off or doing the flip myself?

Loading replies...