All Forum Posts by: Alyssa B.

I am looking for a CPA and tax attorney in LA. Does anyone have any recommendations?

Hi @Christian Efseaff Thanks for your input! This is all very helpful information. What is an AFV?

@Account Closed Glad you mentioned the mobile home idea. I've been wondering the same thing. Let me know what you find! 

@Casey Murray Thanks Casey! At this point, given the market and my price range, I think house hacking with a SFR is my best plan of action at this point. I'm so glad you brought up the crash. That is the biggest unknown I have as I search...which neighborhoods will be least likely to be affected? From the way people talk about LA, it's ever growing. Does a "hot" area now do better in a crash? And what is NOT hot in LA?

@Casey Murray hm so the question is, should I buy now when prices are inflated to own something? Or should

I wait to see if prices go down...

Hello, I've been wondering about wholesalers too. How does one go that route? Does it cost more? 

@Casey Murray another newbie question since I clearly don't know the market...

Do people have any idea when the next market correction might be? Years?

This thread has been super helpful. Thanks all for your responses. I have a few more questions for anyone willing to answer:

I received 1 pre approval quote from a mortgage broker and would like to see what my options are. How many brokers does one get a number from when "shopping around?" Do any of you have any recommendations for brokers in the area?

What does it take to be able to see listings before they are posted?  How does that process work?

@Casey Murray I'm glad you said that about the market condition and outlook. I have begun looking to see what's out there and the MFRs are VERY hard to find in my price range. The area I'm looking in is a hot area also so any investor would be eager to pay cash for it. I do intend to live in my investment property, at least to start, but also realize that any MFR I find in my price range may not look nearly as nice as a SFR that I may able to buy in the same price range. I suppose one might call this a conflict of interest in a crazy market.

@Kiersten Vance I am currently renting and single. No kids. I do plan on staying in the area. I realize MFUs are a good investment, though breaking even with a MFU comes with a lot of landlording responsibilities in addition to my full time job. Ultimately, I'd be working 2 full time jobs in the hope that my free labor will result in a great investment down the road. I'm very new to REI but I'm also 26 and looking to get myself in the door. Right now, I'm thinking that house hacking with a SFR in a growing neighborhood with a good school district would actually be a more sound strategy. With that being said, I really need the right real estate agent to know what neighborhoods those would be. What are your thoughts on that strategy vs. a MFU?