All Forum Posts by: Nancy Lim

I would stick as close to home as possible big bear if those work.. with gas prices its the closest place to 20 million residenses how can you go wrong.. or Mamoth for ski property or even palm springs La quinta.

Or buy up a bunch of newer sfrs in Vegas. all of these an easy day drive for you.

Hi Jay,

Thank you!! Would Reno Nevada be a good place to look into? We heard it's very landlord-friendly ( no rent control, no eviction moratorium), low prices, low taxes, etc. When I looked into it closely, we were not able to positive cash flow on LTR due to low rents. STR are about 25-45K in Mid Town, close to the University. We almost offered to pay cash on a $525K house in Midtown but the house is old and only 2bed, 1bath. We would rather spend the same amount in Big Bear. What are your thoughts on Reno Navada, should we reconsider?

0 Votes

Los Angeles County, California

Hello,

We have $890K of cash waiting in our 1031 exchange and we can't decide if we should buy properties for short-term or long-term rental. We live in Los Angeles. We are currently looking into multi unit properties in the $1.5 M range in L.A. or 2 vacation homes ( 1 will be paid in cash) for STR somewhere in the Big Bear Lake/ Lake arrowhead area. We just want positive cashflow monthly and dont want to make a bad move. any advise?

2 Votes

Los Angeles County, California

All Forum Posts by: Nancy Lim

Nancy Lim has started 1 posts and replied 2 times.

Post: What would you do with a $890K cash downpayment?

Post: What would you do with a $890K cash downpayment?