Looking for an investor/agent in South Bay/Long Beach market

[Austin N.]

Hello BiggerPockets!

I am looking to buy my first 3-4 unit multi-family in the next few months and am looking for an investor/agent with experience in the Long Beach/Carson/Torrance market. Plus for experience with FHA financing (do you understand the self-sufficiency rule?). Many of the agents I have been talking do not understand what an investor looks for. If you have the experience or know someone who does, please point them my way!

Thanks!

[Nick Hedberg]

@Austin N. - I would recommend talking to a lender about the FHA self-sufficiency rule. If you need a referral for a lender, I can help out.

Most areas of Torrance you won't be able to cashflow. You'll have a better chance in Long Beach & Carson, but it will still be tough depending on your assumptions. Cashflowing with 3.5% down in LA is not easy.