All Forum Posts by: Natasha Wang

Hi Natasha, welcome to BiggerPockets! This is a great place to learn and connect with people so take advantage of all the great resources.

-Julio

Start getting into multifamily! Since you're new I'd recommend you to start with 1-4 units, then once you're comfortable you can go for larger multifamily.

Here's why multifamily is great for scaling: 

1. Higher rental income: Multifamily properties typically offer the potential for higher rental income compared to single-family properties. This is because you can collect rent from multiple units in one location, rather than just one.

2. Economies of scale: Owning and managing a multifamily property may be more efficient from a cost perspective than owning and managing multiple single-family properties. For example, you may be able to negotiate bulk discounts on supplies or hire a single property manager to oversee multiple units.

3. Diversification: Multifamily properties offer the opportunity to diversify your portfolio by having multiple tenants in one location. This can reduce your risk as an investor by spreading it over multiple tenants, rather than relying on just one.

4. Financing options: It may be easier to secure financing for multifamily properties compared to single-family properties, especially for larger properties. Many lenders are more comfortable lending on multifamily properties because they offer more stability and security due to the multiple rental units.

5. Potential for appreciation: Multifamily properties may have the potential for appreciation over the long term due to strong rental demand, particularly in markets with strong job and population growth.

Hope this helps!

@Natasha Wang

Check out local meet ups and educate yourself on what other investors are doing out here. Look at syndications, look at the fact that cash flow doesn't exist out here without forcing equity or buying in 29 palms./s Take the fact that you know that cash flow wont happen by just buying and renting in so cal, and discover how to make it happen in the groups you network with or the people you choose to work with. Its not easy out here but for those that can work through it make it out better than many (not all, don't go crazy on me out of state investors) out of state investors. 

 HI Natasha! 

Welcome to the investing family and happy new year! I'm also an out of state investor from Florida and Indiana. I live & work here in Los Angeles, CA as a realtor with the KW David Greene team! I'd be happy to discuss your goals and see how I can offer you some guidance on pathways for this year. Please send me a message if you would like to chat more! 

Thank you!

Ashley 

Have you considered Austin? 

Hey Natasha, welcome to the BP family! since you already have experience investing, I would personally recommend small multifamily in LA, SFR in riverside county, or small multifamily/SFR in orange county. The appreciation in cities like LA, Long Beach, and Anaheim is always going to be there and it's always going to be steady (in my opinion). If you're looking for something specific feel free to let me know! hope this helps!

Kindest regards,

Agent K