Amateur RE Investor from Los Angeles - on the hunt for an MFR :)

[Rohan J.]

Hello BP!

Been lurking for a while, but it feels good to finally meet and introduce myself to this awesome community.

I'm a 27 year old from Los Angeles, CA that has a (tiny) bit of real estate experience - I bought a condo and a town-home in 2012, not really knowing what I was doing. Things just worked out since prices were so low, as I'm sure all you savvy pros are aware of.

Lately I've become obsessed with BP, and my short-term goal for 2015 is to buy my first MFR (purely as a rental for cash-flow purposes), hopefully a tri/four-plex. The numbers don't really make sense for MFRs in Los Angeles, so I'm expanding my search to other southern parts of California, and also going to be looking into Phoenix, Arizona & Dallas/Houston/Austin.

Don't really know anyone outside of CA in real estate, so hopefully I meet some experienced realtors/investors that can point me in the right direction. Feel free to advise me on areas outside of SoCal that currently have good cap rates for multi-families :) Cheers!

[Rohan J.]

Hey @Larry Fried  - thanks for the warm welcome.

I would say I'm pretty much focused only on MFRs at the moment, as I eventually want to buy more and more MFRs. I'm not opposed to SFHs, but MFRs just really align with my long-term goals, interest, and passion.