All Forum Posts by: Tyler Hungerford

@Rubik H. Hi there! Vacation rental properties are a great idea. But be mindful, it takes a HUGE team to keep that investment rolling for you and will require a lot of hours if you decided to run it yourself. There is always the opportunity to find a manager for you, but be mindful of that before purchasing. 

With regards to a Palm Springs Vacation Rental, there are a lot of laws in place to prevent new vacation rentals in Palm Springs. There has been a huge uproar from the local community with regards to vacation rentals. So make sure you do research before making purchase into a vacation rental market. 

Big Bear is a wonderful area to have a vacation rental, but it comes with some issues. 1. Finding a team to work with, ie cleaning crew, contractor, etc, is difficult. 2. The weather up there varies and you actually get seasons up there. Because of that, the county has strict rules on how to upkeep a property. 3. Rehabs take a bit longer up there too, depending on weather and finding a good crew. 

I say all of this because I just want you to be mindful of what you're getting into. I don't say all of this to scare you, but it is important to do the research you need to do in order to get a good cash flowing property. Best of luck to you! I hope you're able to find something that fits your criteria. Feel free to reach out should you like to discuss some properties. 

Hey @Ryan Chaw,

I've sold 3 properties in the last month in the Inland Empire that have all cashflowed. A triplex in Big Bear City, a SFR in San Bernardino, and a SFR in Hemet that's in a 55+ community. Now, with regards to what you're looking for, you're going to want to look in far lying regions such as Blythe. There are properties down there that still have a high cap rate and positive cash flow. Plus, they won't be outrageously expensive. Now, the tenant base isn't the best, but the area is changing. But for that kind of cap rate, you'll have to look in rougher areas.

@Don Carey ya know, as I've spent time in the property management arena, I can completely see where you're coming from. There isn't many people out there providing that kind of resource. I actually handle market and analysis and acquisition due diligence for my company and try to provide that resource to all of our investors because we have seen a serious lack of this in our industry. We're all a team here and because property managers should know their market and area better than anyone, they should be able to provide this type of resource to our client. 

We use it at our property management company and I can't speak highly enough about how helpful this tool is.

Hey @Jeremy Taylor how many flips have you done so far? 

@Catherine Underwood Hi there! So as an expert in the Inland Empire Real Estate Market, I can tell you that cash flowing properties are far more abundant in the Riverside area than they are in LA. While our appreciation might not grow as quickly as LA County, there is a reason why Riverside and San Bernardino Counties are the fastest growing areas in the state of California and have helped the state recover from the terrible recession. Our properties have seen on average a 15-30% growth in appreciation since 2010. Houses that were purchased at $100k are now worth $300k+. 

Listen, LA is a great market, but you get the most bang for your buck by coming out to the Inland Empire or ancillary areas. Your money goes a lot further and you can ride the appreciation train in the fastest growing real estate/economic market in California. 

Best of luck finding solid cash flowing properties. You've got a good eye for solid areas to purchase properties, but your choice on areas just depends on your certain investment goals. Feel free to reach out should you want some more information or help! 

@Angeline Kung Hi Angeline! This is the big money question isn't it? Well I know you've done investing in a lot of different markets, super expensive markets to boot. I help run a property management company in the Inland Empire and I've seen a lot of growth in that area. You can still find cash flowing properties for a fraction of the price you'd find elsewhere in California. Plus, you can pretty much expect that if Prop 10 does pass, it's going to be a loonnngggg time before we're going to have serious rent control in our area. 

I'd be happy to chat with you about your growth goals and share ideas on how you can build up your rental portfolios. 

@Wiley Strahan we've been talking to a lot of people lately about this bill. This is going to affect the California rental market tremendously. 

Hi @Wiley Strahan 

There are still cash flowing properties all over the Inland Empire. As the director of business development and investor relations, I have found multiple cash flowing properties for my investors. With almost 300 doors under management, we continue to see opportunities available out here in the Inland Empire. 

@Arash Sayyar

I've helped flip several properties up in that area in the last 2 years and I can tell you that there are definitely still deals to be found up there. Lots of people are moving up there right now. You've got a huge cannabis business up there that is consistently growing and it's the only route that connects SoCal to Las Vegas. 

Our property management company has a lot of rentals up in that area and the tenant pool is very solid. Rents are going up and so are property values. It is one of the few places in SoCal that you can still find decent cash flowing property.