If you are dead set on buying multi family in LA, I would recommend trying to meet as many younger commercial brokers, and find a way to be their first call when they find an off market complex and move quickly because they will go fast.

So basically if I can invest in LA, I would have but at this moment there is just no way I am going to take on such a big gamble on a slowing market.

If I was going to move to be closer to a good investment market, it would not be LA. I

Similar to were you are, LA is a very expensive market and lower cap rates.

As I am originally from LA, I always find it funny when people comment on how bad traffic is here.

Long story short: Bought and remodeled my first house last year and loved every minute of it, so I dove into real estate education last year with the plan being to flip homes in LA. I

The area is a small college town (Thibodaux LA) I thought it may be a good place since its a college town, guess not.I have thought about the fact that it probably isn't a great place to try to make deals happen, I even spoke with members in the local Reia and a meet up I have been going to a about 2 hrs away and everyone keeps saying as long as I can get a good deal and make the numbers work the location should never be an issue.

But it worked out fine to have to do the training for a reinstatement ride because flying in LA is absolutely crazy so I needed the fam of the area and was nice to just get some instructed time back in the plane.

LA is a beautiful place to live, but not that great for buy and hold investing - the rent to value ratios are way too low.

Im orginally from LA, I miss it.