All Forum Posts by: Vianey Monica galdamez

Hi @Vianey Monica galdamez

I'm a Realtor in that area and I cover properties in the SGV and LA County/OC County.

Although there are stipulations for LA county eviction moratorium criteria, if you are buying a new property that is vacant they should nonetheless be as important (with proper screening, etc.). For instance, Phase 1 would only be applicable if the renter was presiding in the property before 1/31/2022 so if a new tenancy is established after the fact phase 2 would be the effective which has less stipulations based on tenant incomes, etc.

Feel free to read more about it here: https://dcba.lacounty.gov/noev...

Personally, I do see a lot of potential in the La Crescenta area as most homes in the Glendale / Burbank / Pasadena area are getting swept up and folks are moving more towards that direction.

Sell the condo in CA and buy out-of-state property that produces much better cash flow and much cheaper house prices in certain parts of Tennessee and South Carolina where you can find homes using the 1% rule the ratio of monthly rent to home price.

we were considering that option. It is hard bc i dont know the market in does states. 
i guess we just have to start searching. 

Yes thats why we want to sell but also buy another property but nothing here is giving cashflow. 

Condos are tough as rentals as you do have the HOA fees and rules that eat into your profits. But they can have cash flow under some circumstances. What is right for you will need to be analyzed by doing some side by side comparisons of your current investment with other options you can flow into. One advantage you do have is the value of your asset at the moment as prices are at all time highs and there are plenty of buyers and very few sellers right now.

A bit more on La Crescenta.

Why are the prices so high there?  The simple answer is that for 30 years, California has restricted the supply of housing.  It is highly regulated and has strict zoning.   La Crescenta, perhaps, should have more condo buildings and apartment buildings.  It is mostly single family homes.