All Forum Posts by: Pedro Cardoso

Thank you everyone. 

Hello everyone, I recently moved to LA and I am working in Downtown Los Angeles. I am looking to buy my first property and I am really undecided if I should use my savings (~$130k) to buy a BRRRR property in the near cities or if should put that towards a down payment and house hack a property closer to my office location? Would be great to hear some thoughts.

House hacking could be a great way to get material savings as it would eliminate or materially reduce my rent/ “living costs”, while creating equity in the process. But on the other hand I would be locking up a good amount of my capital.

For the BRRRR it would be great to get some cash flow and recap my money in the near term, but I am a bit concern of buying my first property in a relatively fairway market (as prices in the surroundings of greater LA are pretty high).

I am really on the fence and it would be great to get some thoughts or hear about someone’s experience.

Thanks,

Pedro

Thank you both @Jon Schwartz and @Dennis Maynard, very helpful!

Hi everyone! I recently moved to LA and I am looking for a property under 500k to house hack. I have already read past posts on this topic, but would be great to get refreshed views. What areas you recommend looking into that are not super sketchy?

For greater context, I work in downtown LA and I am prepared for a longer commute (ideally up to 1hr). Also I plan to do a 20% down payment (otherwise MI will kill my cash flow). Ideally, I am looking for a multi-family, but I understand that is difficult at this price point, so I am also looking at SFH. I am aware that LA is difficult to cash flow but I would like to get as close as possible. Any ideas would be greatly appreciated!

Best,

Pedro Cardoso

Hi everyone! I recently moved to LA and I am looking for a property under 500k to house hack. I have already read past posts on this topic, but would be great to get refreshed views. What areas you recommend looking into that are not super sketchy?

For greater context, I work in downtown LA and I am prepared for a longer commute (ideally up to 1hr). Also I plan to do a 20% down payment (otherwise MI will kill my cash flow). I am aware that LA is difficult to cash flow but I would like to get as close as possible. Any ideas would be greatly appreciated!

Best,

Pedro Cardoso

@Elio Guillen, I am now in the situation that you were 3y ago, interested to know what was the outcome and what other areas in LA you recommend to house hack.

Hi @Sophia Fong! I am now under the same situation you were a year ago, interested to know what was your outcome.

Best,

Pedro

@Nick Hedberg and @Michael Berger thank you very much for the intel. This is great! Let me do some research based on the resources provided. 

Michael, tks for pointing out Santa-Clarita, I was not familiar with the region.

Best,

Pedro Cardoso

Hello everyone, I recently moved to LA and I have zero familiarity with the region and its surroundings. What tools and resources can I use to get to know the areas a bit better and identify good areas for rental properties? I have been driving around to get to know the different regions, but would also be great to know what resources I can use to see potential rent and valuation trends, etc.

Hello everyone, I recently moved to LA and I have zero familiarity with the region and its surroundings. What tools and resources can I use to get to know the areas a bit better and identify good areas for rental properties?  I have been driving around to get to know the different regions, but would also be great to know what resources I can use to see potential rent and valuation trends, etc.