All Forum Posts by: Michael T.

@Darin Gordon, Huntington Beach, California is a great place!  Many people have the dream of living in Southern California and if you're going to live here the best way to do it is by "house hacking".  

While it is difficult to cash flow here you can offset some of your mortgage by renting out rooms or buying a multi-unit property and renting out the additional units.

Just because you may not live here for free doesn't mean it's not a place you shouldn't come to.  You're young so take advantage of what you have available to you now.

@Juan Carlos Garcia honestly it really doesn't matter where the lender is based here in California.  Since you really don't ever see or meet the lender it's not too big of a deal for them to be in your location.

You have quite a few here @Chris Mason and @Jo-Ann Lapin are a few to mention.

@Richard Smith here in the Los Angeles area I plan on approximately $450 - $550. Depending on the home and what is included or if it's a MFR the price can vary but $1,200 is high.

@Avtandil G. unfortunately, this is just part of the process with bigger commercial brokerages and this is why it's critical that you do your due diligence on every property.

Since cap rates are based on the projected estimates of the future income, they are subject to high variance. In today's strong MFR environment a broker can manipulate the numbers as there will be another buyer right behind you.

@Andrew S. it truly depends on what your goals are for investing.  Do you need the cash flow right now or are you okay waiting for the appreciation?

Depending on the location in Virginia maybe you get closer to cash flow?  If you invest here in Los Angeles yes you can do a house hack and get the appreciation.

I personally live in a multi unit property here in Inglewood, own a another multi unit property in the area and buy out of state for cash flow.  I've made more money on my investments here in Los Angeles versus my out of state investments.

@Aqeelah M. and @Jinglei Cui it truly depends on what your goals are for investing.  It sounds like you're in the Los Angeles area, correct?

In Los Angeles there are definitely opportunities to find 2-4 unit properties but you have to understand here in Southern California it's a matter of appreciation and not cash flow.

Also, in Los Angeles you have to realize almost in every property there will almost always be something that has to be fixed whether that is renovation or eviction.

@Aqeelah M. these type of deals existed in 2010-2014 but since then there is maybe once in blue moon that this type of deal becomes available for a duplex and 4plex.

There are SFH's that are available for $300k and below it's just a matter of finding them.

Yes, it's disappointing to have rent control anywhere in California and this is why it's so important to buy an investment property at the right price.

We know here in California we don't necessarily buy for cash flow but for appreciation. 

@Rona Kinney yes, you can absolutely increase the price that was listed.  

Depending on where you posted the information my recommendation is to re-post that due to the overwhelming response you will be removing the listing and then re-posting in very near future with the new price.

@Min Sik kang yes there are great areas to invest in the Los Angeles market and it completely depends on what your goals are for real estate investing.

Here in Los Angeles and Southern California in general most of the investment opportunities are in appreciation.  It is possible to cash flow here but it is much more difficult compared to out of state investing.

I personally invest in Los Angeles, Inglewood and Hawthorne for appreciation and then out of state for cash flow.

There have been quite a few posts over the last few years about how Inglewood has been through a gentrification process which has significantly helped the appreciation.  Hawthorne will see the benefits of the Inglewood gentrification over the next few years.