All Forum Posts by: Albert Joe Genato

Hey @Tony Kim ty for your feedback!

Lafayette Park area, is that macArthur Park area? Casue the location I’m looking is towards western part of KTown and Im basically a block away from the eatery spots and walking distance from South Western Law School. 

@Nabil Suleiman

Hi Nabil,

Thank you for your feedback, i truly appreciate it...

1) My current rental rate is really low. I’m currently renting a room at my buddy’s house, which is helped me save a lot money. I work in the West Side of LA and my drive is about 30miles away from work. This KTown condo is about 6miles away from my work and I’ll be paying more or roughly the same on rent then I’ll be with mortgage

2) the condo is a under market value and yes, I’m planning on fixing it up to build equity.

I’m considering of making my very first property investment here in Los Angeles, CA. (Korea Town) on a 1bed/ 1bath 700sq ft. My plan is to live in this unit for about 2-3 years, then renting this unit out because it’s central to a lot of the Los Angeles landmarks. Any suggestions, recommendations, opinions, on owning property in a major city?

TY for your time :)