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All Forum Posts by: Tim Ostrom

Tim Ostrom has started 0 posts and replied 12 times.

Post: Los Angeles has gone housing market crazy.

Tim OstromPosted
  • Inglewood, CA
  • Posts 12
  • Votes 8

I live in North West Inglewood and it's out of the LAX flight path.   I can see planes in the distance, but it's not a noise issue.

Post: Newbie from Inglewood California

Tim OstromPosted
  • Inglewood, CA
  • Posts 12
  • Votes 8

@Jorge Ruiz - Yes, I go to just about every one at MB Country Club.  I will be on the look out for you at the next one!

Post: Newbie from Inglewood California

Tim OstromPosted
  • Inglewood, CA
  • Posts 12
  • Votes 8

@Laura Wherry

Sorry about that...  FIBI stands for "For Investors By Investors".  There are a handful of chapters in SoCal; easiest to find them on meetup.com.  Educational, cheap, pretty high quality attendees, and no sales pitches!  I like the BP meetups too; they are mostly newbie attendees....  less intimidating, but also a little harder to find people that are serious about being successful.

I love the idea of a 2-4 unit, while living in one.  I wish my wife and I had done that when we purchased our primary residence.  We did the next best thing, which was to "house hack" (another industry term), which was to rent out one of our bedrooms.

Post: Newbie from Inglewood California

Tim OstromPosted
  • Inglewood, CA
  • Posts 12
  • Votes 8

Hi Laura,

Welcome to BP!  Lots of great resources and people on this site.

Do you attend any meetup groups in person?  I also live in Inglewood and have found a lot of the FIBI meetup groups and the BP meetup in this area to be helpful in meeting good folks that love to share.

BTW... do you know what kind of investment you want to start with?

Regards,

Tim

Post: LA Market Due for a Turn?

Tim OstromPosted
  • Inglewood, CA
  • Posts 12
  • Votes 8

Thank you.  Seeing this just jogged my memory; I did see this.

Post: LA Market Due for a Turn?

Tim OstromPosted
  • Inglewood, CA
  • Posts 12
  • Votes 8
Originally posted by @Matt R.:

@Aristotle Kumpis@Brent Seehusen

There is a forecaster at UCLA/Anderson who has identified a 12 year cycle for LA. 7 years bull followed by 5 years bear going back to 1975. He says LA is in the 3rd year of the 7 year bull today. During the 7 years bull part prices increase on average 68%. He says we have 38% more to go in LA. There could be fluctuations in any case. What do you guys think?

 @Matt R, do you happen to know who the UCLA Anderson forecaster is by name?  And for bonus points, a possible link to the material you mentioned?

I am curious b/c I do not recall seeing that interesting fact and get my hands on a fair amount of RE info that comes out of UCLA Anderson.

Post: Los Angeles multi-family Appreciation

Tim OstromPosted
  • Inglewood, CA
  • Posts 12
  • Votes 8

If I had to bet, I'd go with Culver City and Inglewood.  And if you had asked about 10 years, I would be more comfortable with my bet.  

I like the economics, business environments, supply restrictions and general lack of sexiness these areas have today.

With all that said, I think even these areas are generally over-priced today.

Post: Los Angeles Meetup - October 31st, 2015

Tim OstromPosted
  • Inglewood, CA
  • Posts 12
  • Votes 8

I'm in.

Post: Los Angeles Meetup - August 29th, 2015

Tim OstromPosted
  • Inglewood, CA
  • Posts 12
  • Votes 8

I'm in.

Post: Los Angeles Meetup - June 13th, 2015

Tim OstromPosted
  • Inglewood, CA
  • Posts 12
  • Votes 8

I'll be there.