Investment Info:Single-family residence buy & hold investment in Climax.

Investment Info:Single-family residence buy & hold investment in Climax.

I have seen some realtors who have used marketing targeted to 1031 investors as part of their regular outreach. 

If you’d been holding around $620K from a 2019 sale and directed it toward a few properties like that.. especially if you leveraged financing.. you might’ve grown your portfolio’s total value well beyond what many Los Angeles holdings would have delivered over the same period.Then again, L.A. still has that unique mix of robust demand and limited supply.. from what I’ve heard, you can see impressive long-term gains there if you’re comfortble navigating tenant protections.

I have to decide if im going to use a new injection of capital from the sale of my primary residence to:1) Hold in treasury bills at 4.5 percent until I find another property to purchase2) Pay off one of two existing mortgages, one at 3.75 percent and another at 4.5 percent3) Just find something to buy that beats either of those percentages on paper and be done with it4) Possibly loan out some hard money/broker it to a friend to allocateIts never an easy decision, but its a good problem to have.

(Probably net more cash (75%-80) than they would from selling. (8-10% in selling costs, plus 15%-25% federal taxes and depreciation recapture, and 8-10% state income tax means netting only 55-69%.) and then Hold until they pass.

Hold your nerve and don't slash prices unless you're seeing some extended time without bookings.

Keep researching, but don’t let fear hold you back—small, intentional steps add up!

I’m particularly interested in learning about areas within the city that hold promise for such investments.

Right now I want to invest in a multifamily or single home family and buy and hold it.