All Forum Posts by: Vivian Pena

@Mark Christopher Javier Hi Mark, congratulations on your 4-unit! I would love to chat more about it and also meet other LA investors. The meet up sounds great! I live in Burbank so it’s pretty close, what day is it? Thank you!

@Michael Tripp I own a home in Los Angeles but I’m looking for a rental property. If the numbers work I’d be more than happy to do that in CA.

@Adam Sankowski Thank you for such a thoughtful and thorough message, I really appreciate it :) You are right, I need to take my time and look more into up and coming areas in the outskirts of Los Angeles. These types of properties do better in terms of appreciation even if cash flow is not great. I've recently been looking at city development plans and that is giving me a good idea of where to start looking. Again thank you for sharing your experience and good luck with your REI journey!

@Scott Starrett Great advice, thank you. I’ll definitely take a look into development plans.

@Elliott Elkhoury Thank you for your advice, great things for me to consider and digest. Again, happy to see CA investors making it work outside of CA!

@Ross Denman Thank you for all your sound advice. My plan is to focus on one area and learn as much as possible from that market.

@Joe Moore Thank you. Happy to hear investors like yourself are making it work through long distance investment. It gives me motivation!

@Michael Tripp Thank you so much for sharing. I’ll look into those states and see what cities make sense. I want to focus on one area and learn as much as I can from that market. I like to hear from investors that are making it work from out of state, so thank you for that!

Hi all,

I am new to BP and this is my first post. My goal is to buy a rental property (single family or multifamily) by the end of 2019.

I’ve been listening to the BP podcast diligently and reading Turner’s book on RE rental properties. My interest began after reading Rich Dad Poor Dad and being part of the financial independent community.

I am a Structural Engineer but recently became a mom and I now have a big drive to have more freedom with my time so I can spend more time with my family. Thus, my long-term goal is to replace my W2 income with passive income from rental properties.

I have enough savings to get started (outside of Los Angeles) and I could get a HELOC on my house to get started.

Now my question for you is what are some good cities to buy rental properties? I’ve downloaded data from Zillow to get the average home prices and compared it with rental values to see what locations fulfill the 1% rule but this is just data and I want to compare it to actual experience from investors.

Thank you in advance for your time!!!