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Updated over 4 years ago on . Most recent reply

User Stats

47
Posts
23
Votes
Su Pak
  • Investor
  • Los Angeles, CA
23
Votes |
47
Posts

Worth investing in CA with eviction ban possibly extending?

Su Pak
  • Investor
  • Los Angeles, CA
Posted

I'm currently looking for house hack investment in SoCal. I ran across this article today and it def scared me. CA may consider an eviction ban through 2021. CA investors, what are your thoughts?  https://www.nbcbayarea.com/inv...

  • Su Pak
  • Most Popular Reply

    User Stats

    308
    Posts
    386
    Votes
    Derrick Dill
    • Investor
    • Hawaiian Gardens, CA
    386
    Votes |
    308
    Posts
    Derrick Dill
    • Investor
    • Hawaiian Gardens, CA
    Replied

    It's just a bill, there are tons of them being introduced everyday. Some highlights from your article:

    -create a rental assistance program to provide financial relief to small landlords

    -according to AB3088, are permitted to resume in February for those tenants who fail to pay at least 25% of their owed rent dating back to September.

    Screen properly, do your due diligence, won't be a problem. 

    I house hacked my first property in 2016 in LA county, bought for 440k, It's 660k now. You can wait out the pandemic, and the moratorium, and wait for recession, there's always going to be reasons not to buy. But, the greatest investment I made was buying. I lived for cheap and saved up, bought a property the next year, then took out a HELOC and bought another 2. 4 years later I have 6 properties under my belt. It all started with the house-hack in California. I've moved out and the property cash flows now, has appreciated 50%


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