All Forum Posts by: Anshul Jain

@Matt Giacinto gonna send you a message to connect

@Suzanne Player Under Los Angeles Rent Control provisions, it's extremely hard to remove a paying tenant if they don't want to move. So my concern is that if I place a tenant, the buyer's flexibility will be reduced and it might pigeonhole us to a smaller subset of buyers.

You also can't increase rents more than 3-4% a year.

@Brad Sand Yes, I do mean Los Angeles, and the property is in fact under LA's rent control ordinance

@Colleen F. The property is currently vacant as we are doing major renovations.

The first unit is almost ready, hence the discussion.

The property is under LA rent control so new tenants would not be easy to replace.

Hi,

I’m flipping a triplex in the LA area, and I’m wondering if it makes more sense to lease 2 of the units and leave the front house empty, or to have all 3 units empty when listing it?

Which is more attractive to most multi family buyers? Why?

I've definitely considered investing in Inland Empire, but I'm trying to target a purchase price of under $500K, and haven't found much in the realm of multifamily in that price range.

Are there any areas of the inland empire that you would think I should look at?

I've been looking to do my first out of state multifamily deal this year, and am curious to hear how others evaluate potential markets to look at. 

I have a long list of potential cities, but am having a difficult time narrowing that list down using any sort of consistent standards. I'd love to hear how some of you have faced this challenge, especially going into your first deal.

Hey everyone,

My name is AJ - I'm a software developer/freelancer based in LA, California.

I've been looking at investing in real estate for a few months now and and am finally getting around to introducing myself here. I've been primarily interested in investing in Multifamily. LA's market is a little saturated so I've been looking at out of state opportunities but have yet to settle on a market.

People who invest out of state/non-local, how do you evaluate potential markets for opportunity?