All Forum Posts by: Rachel S.

@Shiva Bhaska

When is the meetup? I’m very interested as I own an R2 lot and always wanted to know my options.

I asked the same question because I saw his message, but didn't immediately see the time and Zoom link. Hence the blank reply from me above. :-D

@Rachel S. I didn't know about the 30 day minimum limit. I tried looking it up for Long Beach but didn't see anything about it.

Is the 30 day minimum stay for all of LA county?

No. Just neighborhoods in the city of LA (Venice, MDR, San Pedro etc). Other cities in LA County can have their own rules, as I understand it.

Also, there are very few good reasons (that I can think of) to go out of state. I live in Los Angeles and I completely get that it is unattainable for many to invest here. However, there are areas within a couple of hours drive with a much lower entry point. They still might not be as low as the Midwest, but should be doable for someone with a decent income as long as the numbers work out on the investment and there is a reasonable pool of qualified renters.

its the lure of the BRRR that is so touted on this site.. I mean for sure it works.. but its also very risky, its not appropriate for all investors by a long shot..

Personally, I don't think it's for the majority with a W2 doing this on the side. I think you need to be able to drop everything and be there in person. At least until you have a team in place that you trust and that takes time.

San Pedro is part of LA city, but there is a draft pending. The last update was in February 2020. 

$750 is all he spent?  Oh my....forget about it and move on to something else.  

Yeah, really. The guy didn't wonder what the catch was when he was able to buy a house for $750.00? Maybe he needs adult supervision. :-D

...and Temecula area does have multi-family, but you'd be limited to not so desirable neighborhoods. Murrieta, Wildomar, Winchester and Menifee have multiple options for multi-family.  

I stayed on a horse ranch in Winchester last time I went to the wineries in Temecula. It was nice.

@Rachel S.

Temecula doesn’t have multi family, but you can get income from short term rentals there. A lot of weddings, wine tasting adventures and private events that cater to that crowd.

That's true and that's not what I am looking for right now. I'll just rent someone else's airbnb once in a while and visit the wineries. 😁