SoCal Best Buy & Hold Markets

[Gerald K.]

I'm down from Seattle area visiting family in SoCal over the holidays. If I have extra time, what area or areas would you check out for buy and hold 1-4 residential property and why?

[Joshua McGinnis]

I'm sure you're vacation is over, but if in case you're still thinking about investing in LA...

Frankly, I would look all over the LA westside for your investment and make your decision based on the financials, your desired rate of return, cost of investment, etc.

LA has a such a strong rental market, that you usually will not have to account for as much vacancy as you might in other markets.

According to this recent article from the Economist, 52% of Los Angelenos rent and the vast majority spend well over 30% of their income on rent.