All Forum Posts by: Hakob G.

I was hoping some of the more experienced investors would shed some light on the risks and benefits of buying 5-6 units in the same city.

What are some of the benefits from having scale in one city? Are you able to negotiate better terms with your property managers if you have 6 units in the same city?

Alternatively, isn't it better to diversify and purchase 1 or 2 units in 3 different cities to reduce risk in case there is an economic downturn in one city, or no property value appreciation?

Just wanted to see how the rest of you have thought about these issues. Also, please list any other key benefits or risk I'm missing.

Thank you!

Thank everyone!

@Mike D'Arrigo Thanks Mike, I sent you a message and will definitely read your reports.

@Ali Boone Great, I'll reach out!

@Alan Vieyra I'd appreciate it if you can put me in touch!

Thanks! That's very helpful, although I want to explore SoCal for my first couple of investments. Any suggestions on the areas I should be looking into as I start to do more in-depth research? Where do you see the most potential for upside?

I've spent a few days on BP and finally created an account! I'm really impressed by the amount of resources here (and especially how knowledgeable the members are). Definitely looking forward to learning from you all, and contributing to the BP myself.

I've been looking at listings in various locations around LA, but I don't see opportunities with upside similar to what other members are posting.

I'd really appreciate any guidance on where to get started, and which locations to focus on for the best upside potential. I understand it takes a lot more than just finding the right city / town, but would appreciate any feedback on the areas where "number make sense".

Thank you!