New in Los Angeles Area

[Carlos Sotelo]

Hi to all, I need some tips for my next investment peeps. I'm currently selling a rental I have and walking out with about 100k in clean profit (after commissions/taxes/etc) What's my next move? Options: 1. Move into flips at this time in LA with partners or HML? (Or surrounding areas) Or 2. Buy in cheaper area (such as Bakersfield, CA), financed, and rent out for some minimal cash flow on rents? Let me hear some opinions and what you did or would do in my situation? Some factors to consider: I'm 25, work a full time job, salary is just above 100k. So this would just be money on the side that I don't need to count on or won't really associate much risk to. I've researched markets and how it's moved the past couple of years owning my rental. A second opinion is always good though

[Jo-Ann Lapin]

Hard to do a flip if you working full time . Perhaps a rehab and hold would be better?