All Forum Posts by: Tucker Singletary

Hi everyone, looking for some “what would you do in my shoes” advice from some seasoned investors here. Wife and I are young professionals in our 20s currently living in West LA for work. I’ve been saving and learning a ton about real estate and eager to get started. We’ve got about 30k liquid cash to invest and could potentially double/triple that as needed by selling some company stock (havent done that yet because the stock is doing well but could be convinced for the right deal). Trying to decide whether it’s a smarter move for us to buy a small house/condo in our area to house hack (and eventually rent/sell when we likely move in a few years) or continue to rent because of the very high prices in our area and invest out of state. I’d like to start with buying/managing our own residence and branch out investing in others from there but my fear is that we’ll be tying up all of our capital and won’t be able to start investing in other properties for a while. What would you do in our shoes?

Thanks for the advice guys, will definitely hit you up for that coffee @Nick Hedberg. Started poking around in those areas and finding some nicely remodeled condos. I have found a few non-remodeled condos in the coastal cities as well in our price range. I would prefer a stand alone house but condos are an option for us as well. Any thoughts on House vs condo? At our budget it seems like the options are remodeled condo vs. small outdated house. If we can get a house at a “good” price and do some fixing up ourselves I’m not opposed to that either, as long as it’s cosmetics that a rookie with little experience but a strong work ethic could handle.

Hi Everyone, Real estate newbie here! The wife and I moved to LA from OC last year for work and have been renting an apartment in Playa Vista. As our lease comes to an end in a few months, I’ve started to get serious about looking for our first house to purchase (the thought of paying another year of $3k/month rent for a 1 bedroom keeps me up at night). We love the weather and the community on the west side and being convenient for both our jobs it’s the ideal location for us to buy. My brother referred me to BP a few weeks ago and I’ve been an addict ever since (averaging 3 podcasts/day) trying to learn everything I can as we step into the intimidating world of real estate. I would love some advice for first time buyers, especially from those familiar with Los Angeles. My plan is to buy and hold, keeping the property as a rental after we leave LA likely in a few years (thinking primarily cash flow, appreciation is a bonus). I am looking at SFR, but also interested in multi-family (love the idea of a tenant subsidizing our mortgage payment through house hacking). Most interested in the coastal cities: Playa Vista, PDR, MDR, Venice, El Segundo, Manhattan beach. Looking to buy at the 500k-650k range with a 10% down payment. I realize that’s a tall order and we are willing to broaden our range a bit if we have to, as long as it’s a relatively upscale area where we feel comfortable and safe. Alternatively, if we can’t find the right match for our budget I’m thinking of potentially continuing to rent where we are and buying an investment property to rent out somewhere we know we can afford nearby that is up and coming (Inglewood?). Again, would love any advice I can get, especially from locals. Thanks for reading!