New from Los Angeles, California

[Mariah Martinez]

Hello!

I am very very new the the world of real estate. I've been looking into purchasing a home for myself in the next year or so, when a family member suggested I look into getting a multi-family unit and living in a unit, while renting out the rest. So I started doing my research and I am VERY interested. I love what I do now, but my end goal has always been to move away from the 9-5 workday so I can spend time with my future family.

When I get excited about something I want to dive right in!!! So I started reading "The Book on Rental Property Investing" and listening to BiggerPockets podcast. I would love to just buy my first property ASAP (but should probably save first...?). 

Really looking forward to the future !

Mariah

[Corey McKinney]

Welcome Mariah!

I looked into doing the same thing in the LA area, but I am on a single income with a family and that proved too difficult with prices above $500K. I am now looking to build cashflow using out of state investments where it is much easier to get in to help fund my future house hack. Wish you the best of luck in the multi family LA market. Keep in mind, most of LA City has rent control and that is where the bulk of available, low cost, multi-family properties are. This should not be something to scare you away but to be aware of and how it may effect your deals. I'd also suggest joining MeetUp.com and going to some of the real estate investing meet ups in the LA area.