All Forum Posts by: Araz Matevosyan

Cleveland, OH

I spoke to a local agent (who was awesome) over the weekend and she told me if I'm looking to invest in a Multi-Family home in the LA area, I'm looking at $600,000. If I had close to 30% of that to put down I wouldn't mind, just so I can stay in the area, as that would be ideal for me. After speaking to a broker from the Mid-West yesterday I'm thinking that might be a better start for me as a duplex was going for $79,000. I have the layout of all the numbers, because he was kind enough to send me an example. If there is someone who has advise/tips or is willing to look at the numbers that would be great.

Thanks fellow BPers. good day,

I'm sure it will, so far I'm finding that Burbank is very expensive! BUT, I can do this!

I'm excited to be a part of this community and wonderful networking opportunity. My main purpose on BiggerPockets is to invest in my first property in the surrounding LA area with the help/resources from experienced investors and agents.

Thanks for the tip, Manolo D. As I'm receiving more and more feedback, it seems that getting outside of the metro LA area might be the best option for me as well. Really appreciate your response.

Hi fellow BiggerPocketers!

I am very new to the idea of real estate (including this website). I've been doing a lot of reading and it seems most fit for me to invest in a Multi-family home but I'm not sure what steps I need to take to prevent getting duped, since I am new to this.

Any inside tips? I currently reside in Burbank, CA and am looking to invest in a multi family home where my family and I can also live. Reading Brandon's blog has inspired me to do this in order to live rent free and profit in the long run. Does anybody have experience with this sort of thing in the Los Angeles area? Open to any suggestions. Really loving this website and the information provided to inspire young investors like myself. Thanks kindly, Araz. OH and Merry Christmas everybody.