All Forum Posts by: Sherry Tsai

Hi @Andy Lanyi.  I’d be miserable if I had to drive in traffic to LB every week to clean trash. Riverside is a better commute because it’s against the flow of traffic. 

I’d I may ask, what kind of property do you have in Long Beach? And is there a neighbor or someone in the area you could pay to deal with the trash? 

@Jonathan Greene I appreciate your input. Unfortunately the ship may have sailed to invest in Davis, as she only has a year left before she graduates. 

I read this last night from “The Book on Rental Property Investing” by Brandon Turner: 

• Break even on cash flow or lose money on cash flow, and you are on a path to financial ruin.
• I’ll repeat myself one last time: Buy rental properties that offer cash flow today.

I’m interested to know whether experienced investors Agree/disagree and why? 

Thank you @Jesse Rivera! I do have questions about lending. North OC are my stomping grounds so if I’d love to hear its advantages over LB/Riverside.  I’ll DM you. 

Hi All! 
New to BP and am really impressed by this community! 
After debating local vs. or OOS, it seems like prudent advice to try to start locally with long term MF in so cal. Most of SoCal feels unaffordable to me so Im looking in Riverside or downtown Long Beach. I’m SAHM and have the time to self manage. I’m not looking for cash flow per se, but I’d like for the investment to justify taking out of my professionally managed stock portfolio which did 20% this year. 

These are the pros and cons of these markets as I see it: 

Riverside: Larger units with more bedrooms; I can afford better neighborhood with less crime (50 percentile); properties are less old but ugly. 

DT Long Beach: beachy urban setting with smaller units 1bdr; close to tourist attractions, and thinking I can STR one unit; BUT high crime rate (90 percentile); properties are older but more attractive

Is it better to go into a slightly better neighborhood in boring Riverside or a more crime ridden area of cool kid Long Beach? Are there other local markets I should be considering? 
Alternative I have a daughter up in Davis that we could help house hack…