All Forum Posts by: Dale K Poyser

Originally posted by @Jay Orlauski:

Hi Dale - one other thing to consider is that you mentioned starting with a SFR before diving into multifamily but I can tell you from experience that if you can purchase a multifamily then that is a better option - the problem with SFR is that if your tenants stop paying the rent or are late then you are responsible for 100% of the payment - of course if you buy all cash then its a different story - also - you spread the expenses AND the risk over multiple units - insurance for a duplex is cheaper than insurance for two seperate homes .. etc. For beginning investors - I think multifamilies are a safer bet to start building your portfolio. When you find the right market to invest in - look towards a multifamily to generate cash flow - once you have enough income to cover a missed payment you can start looking into SFRs. ALso - looking on the open market in California is not likely to yield a high cash flowing property - you need to look off-market for situations like foreclosures, divorces, moving out of state , frustrated landlords, etc. Start sending out some letters / postcards and try to get something off market - check with you local wholesalers too - sometimes they have some good deals to and have done all the marketing already. Best of luck to you.

Thanks a lot for the reply!


Originally posted by @Ali Boone

My first goal would be cashflow and the second goal would be appreciation. I'm located in Orange County, which I did not mention because I don't need to be too close to home, especially with current prices.

I have been giving condos some thought because I feel I may have less (only the inside of the walls) to worry about but I know condos come with their own set of problems like HOA costs and politics, etc. 

I've seen the crazy appreciation in prices since 2008/2009 but I think that was largely due to how things were over leveraged and I agree with you things won't appreciate that much. I do see ALOT of construction going on in certain areas around SoCal and there is only so much land to go around. Places like Irvine, Huntington Beach, Laguna are really being built up.

I'll take a look at South Central LA, thanks a lot for taking the time to reply. 

Originally posted by @Greg M.

Originally posted by @Aaron K.:

@Dale K Poyser Moreno Valley tax rate is usually 1.25% unless you hit the special assessment areas Riverside 1.10% usually not too bad all things considered.  If you were to look out of state to say Texas the property taxes can be more like 2.75% and they don't have prop 13.

Originally posted by @Curtis Chen:

I'm currently not looking for rentals out of state so couldn't help you there, if you read about a great area somewhere it's probably already too late haha, going to be focusing on chasing down off market deals around Scal.