All Forum Posts by: Cristine M.

@Nabil Suleiman @Adriel Liwag

Wow- this is great! Especially in terms of location for the meetup so I'll definitely try to catch this upcoming one. Thank you for the invite guys, really appreciate it! 

@Liam B. @Matthew Forrest

This is why I like BP- thanks for poking "holes" in my strategy. I'm trying to get a better picture of how people have been approaching RE investment in Los Angeles and I can see why you would recommend the SFR + ADU route over MFR for cash flow purposes. Regarding ADU route- how much would you recommend I should save to accommodate the "heavy" capital required for ADU? Would $100K be too lean for a project like that, especially for LA?

@Paulina Lagudi

With a FHA loan, in theory it should be... But only enough for get it "going" I guess? I definitely plan to save more for cushion- hopefully we find the "right" MFR for us!

Hi @Kaii Blanton!

I'm also super new the real estate investment space and am interested in hearing more input on this question! But from my experience sifting through forums - some viable options for RE investing seemed to be within: Inglewood, Hawthorne, Arts District, Eagle Rock, Highland Park, etc.

@Lee Ripma Yes, makes sense especially in the LA area. Will absolutely look into it - I appreciate the input Lee!

@Liam B. Yes 50K is little for MFR especially in LA, but if I obtain a FHA loan to purchase a MFR- would that option be more viable than SFR?

@Erwin Sham I haven't actually considered it and will I definitely look into it! I really appreciate the post!

@Penny Clark

Awesome, really appreciate the insight Penny! Thank you for posting!

Over the past few days, I've been working on honing my underwriting skills and would like to "fine-tune" my strategy. I'm reaching out for opinions on whether a SFR or a MFR is a smart RE investment relative to my financial condition:

Can provide up to 50K down payment and in “theory” should be able to obtain 15% on a traditional loan. Can absolutely save more money for a higher down in the upcoming months as well. I'm also a consultant- so my job requires that I travel locally around the LA area. 

If you were me, would you invest in a single-family or a multi-family property? Why would you pick one over the other? Due to my current budget- would it be wise to go with a small investment such as a SFR or wait until I accumulate more income for a reasonably sized property/buffer for a recession?

Any and all thoughts very much appreciated! Thank you BP community!

@Simon C. Thanks for the clear/concise response- And yes! Looking to acquire a property for investment within LA, but want to be a more well-informed investor and perform proper due-diligence.