I know LA is mostly an appreciation market and we may not see typical CoC returns at firs, but has anyone had surprising cashflow returns within the first few years in MFH?

So if you have the funds to invest out-of-state, you have the funds to househack in LA -- and I think househacking in LA is a fantastic first move.Why?

Pros of buying in LA: Could leverage house hacking and live in half of the duplex--saving on rent while also potentially getting space for a work from home office (which I’d really like)I’d be able to manage the other unit myself and could save on property managementLiving in/near the property seems like an ideal introduction/education to REICons of buying in LA:We would very likely be moving in 3-4 years and may need to sell the property when we move Very high prices in LA (I could get the money together for a downpayment but it would take all my savings and I'd rather start my REI education with a smaller purchase).

We meet the third Thursday in Rob Quay.

I got an offer accepted on my first property in LA. I

@Dylan Quay Cap rates are not usually used for single family homes since their value is based on comps.

@Bruce Umeck if you do have block work in LA, I do know the absolute best person to work on it. 

I’m sure this is also true of the other markets I’m considering, I just don’t know it yet ;) I also invest in LA and think LA is a great RE market.

He said rent to own isn’t done in LA. Is

Hi @Bryan La, I would look into making it a mobile home park or tiny houses!