All Forum Posts by: Dennis Maynard

@Dennis Maynard Thank you! What areas are you suggesting to look into in that case?

@Dennis Maynard actually a Furman grad - literally in the process of moving back there from LA as we speak.  

I would look into passive investing into multifamily deals. 

With $60k in Los Angeles, I would file for bankruptcy!

Lol, just kidding. I have a couple of rentals in the Inland  Empire region. Had a vacancy and re-rented a couple of months ago. Had tons of applicants, re-rented within a couple of days. Not much competition was listed, even less than usual before COVID. I just checked, and there is still very very little for rent within a 5 mile range. Not much for rent, and even less for sale. Don’t fall for the COVID panic.

@Jeremy Pelle get the F out of Los Angeles.

With $60k in Los Angeles, I would file for bankruptcy!

Lol, just kidding. I have a couple of rentals in the Inland  Empire region. Had a vacancy and re-rented a couple of months ago. Had tons of applicants, re-rented within a couple of days. Not much competition was listed, even less than usual before COVID. I just checked, and there is still very very little for rent within a 5 mile range. Not much for rent, and even less for sale. Don’t fall for the COVID panic.

@Jeremy Pelle in an expensive market like LA, seems like the the most logical strategy (if you don’t mind roommates) is to to house hack a large single family. Reducing your expenses is actually better than cash flow because that outflow of money has already been taxed. Even if you don’t cover all your mortgage by renting by the room, you are still having debt pay down every month and hopefully continuing to appreciate in value, adding to your net worth.

@Dennis Maynard Leaving off from your latest comment, what do you suggest for investors looking to buy into LA with the net migration? Look in cities around LA? Or will people continue to leave to nearby states? Just curious to know your thoughts!