All Forum Posts by: Account Closed

Maintained well
2 bed/2bath (both bathrooms are attached to bedrooms.)
900 s.f.
3,105 s.f. lot
Shared driveway

It is tenant occupied and landlord has given the tenant 60 day notice that expires 1/17/17. 

GOING ON MLS 11-28-16

More pics available message/reply me for more details. 

Will definitely consider it @Ciprian L.! Thanks for the advice! I was actually thinking maybe I should put more focus on the investment aspects rather than the primary residence features. It's almost 100% certain we will move on after several years. 

Haha

@JD Martin you are funny. The boyfriend is marrying material and will soon become finance. I agree he should keep paying his share, but for our primary residence if he pays his share and the property still only belongs to me, he would want input on where to buy and what to buy....that might result in somewhere in Orange County costing over 600k...........The boyfriend definitely complicates things! 

Thanks @Alex J.! Yeah I was looking at different properties ranging from SFR to 4 plex. The current market is really not friendly to me...unless i want to get a 50% LTV and keep monthly payment close to my current rent. Yet I feel cash is better spent/invested somewhere else....

@Jeff Copeland I am currently renting, but its tricky: my rent is $2300 a month split between me and my boyfriend, so my share is $1150 a month. But if I buy, I will be responsible for the entire mortgage payment...of course depending on how much I want to borrow I can control the mortgage amount, but I don't want to throw in all my cash on a over priced property in a peak market just to have a mortgage that stays around $1150. I think if I invest this cash somewhere else it will provide a greater return. Now I feel like I need to decide if I should buy or not, and if I buy, how much should I borrow...

I am looking to buy my first home in or around Los Angeles, CA (primary residence first, investment properties later). I understand home prices have risen and speculation shouldn't be my sole consideration on buying, but from both a home buyer and and investor's perspective of view, I hate to buy at the peak of the market (well, I don't know if we are at peak yet but I know prices have risen). 

Yet at the same time I think I will likely be keeping this property for a long time (10+) years, and may decide to hack it and rent it out when we move on to bigger and better things ;) And in the long run the market will go up even if I buy at a previous peak. 

I am torn between riding out the current market and buying. What would you do if you were me? I have a full time job and can get traditional loans, also have enough saved for downpayment.  

@Kaitlyn Masai haha very tricky question! Had I owned properties where I grew up (my mom is still there) I would have asked my mom to keep an eye on them for me, but of course that depends on her willingness to help and her ability to solve problems. 

Welcome Kaitlyn! I just started posting on BP as well and am in Playa Vista-Westchester area. I don't see myself as qualified to give advice on whether out of state deals are better or buying local is better, but I will share with you why I am not considering buying out of state for now: I have no friends or relatives living outside LA. I think if I had grown up out of state and my family is still in my home town I may consider investing there :)

@Manolo D.,@Shannon Wright,@Jeff Matsuda and @Fay Chen thanks so much for the recommendations! I signed up for all of them :) 

@Eric F., @Leslie Pappas and @Jill DeWit Thanks very much! I am really excited to start my REI journey from BP!