All Forum Posts by: Ulf Israelsson

Hi Tam,

Thanks for the REI Club info. I'll check it out.

Cheers,
Ulf

Thanks Wheatie.
Good point. I was thinking 1% rent versus price was the minimum. I will certainly strive for higher than that. My thinking is that if I can get in to control properties in the outlying areas of LA with a slight positive cashflow, the market will eventually go back up in value, and I can cash out some of the properties as the market moves up.

Hi Brad:
It seems to me that there is a net migration happening back towards LA, probably in part because of the high cost of commuting now, so rent may drop further. I have heard this from property managers I have spoken to in Palmdale for example. Something to watch.

Thanks Michael.

Hi Matty M:
Yes, Pasadena is great.
I went to the Rosie Nieto's Naked RE club meeting in Orange County about a month back. It was super, she had a great panel with Bruce Norris, Tony Alvarez, and Michael Cantu. She had her inaugeral LA meeting last week, which I unfortunately had to miss. I will go to future meetings.

Perhaps we shoud compare notes on our plans. I am itching to start buying.

Regards to all.
Ulf

Thanks Jason.

Hi Ethan. I am looking for properties in areas such as Riverside, Moreno Valley,
Antelope valley. I will focus on one area once I figure out which one. I want to buy 3Bd ~ 1200 SQF SFR properties for <$120k in areas that rent out omfortably at $1200. It seems that this is now getting possible in parts of those areas, although rents are coming down as the number of rental homes is increasing.

Does anyone know how the rental drop around LA played out in the 1990 cycle?

I would prefer to use other people's money and credit, but I am comfortable starting out using my own to learn the ropes and to gain the confidence I think I need to convince others to invest with me.

Do you go to any of the local REI clubs?

Thanks Dan.

Yes, I will check out a few of the LA investor clubs.

Greetings:

First post. My name is Ulf Israelsson, Swedish born, physicist, interested in part time real estate investing - for now.

My interest is to buy and rent out for the long term SFR properties in that outlying areas of Los Angeles that generate cash flow. It seems to me that prices are at that level in some areas.

Initially, I don't mind using some of my own money, but eventually I want to attract investors for profit sharing.

My goal is to generate a cash flow of $15,000 per month in the next 5 years.

I am hoping that the expertize self-evident on this website and in these forums can serve as a general mentor to me as I embark on this very exciting adventure. In particular, I am interested in connecting with investors and RE professionals with integrity in the Pasadena/ LA area.

Regards,
Ulf Israelsson