I've had good success buying to rent in Las Vegas, but now I'm interested in rehabbing in Los Angeles where I live, but I wonder if Los Angeles is too competitive and therefore the margins too thin for an inexperienced rehabber to have any success.

I'm looking for B or C building in blue collar neighborhoodswith positive cash flow out the gates.Not limited to any city or state.Something in the range of 80-120 unitsLooking for a partner to split the down payment and responsibilities.

I can relate to you as well, I live in Los Angeles where the prices are absurd so I have always had to look out-of-state.

This is a tip I got from a sophisticated investor when angel investing.  

If it makes a difference, I am looking in Los Angeles, Ventura, and Santa Barbara counties.

Hey everyone,

I found BP by seeking out a podcast covering real estate, and I'm pretty sure I found exactly what I wanted: a podcast and a community. Podcasts are my main method of listening to new music, the...

Good thing about that area is there is a lot of blue collar employment there which gives you some higher demand for rentals.

I have walked in repos and seen the blue ski above and the dirt below because the plywood had been removed.Spending time to research the loan holder would really add to the lost time and money in my viewpoint.I have found a better use of my time is to develop a good relationship with the top executives at key banks.

Focus on your cash flow and forced appreciation.I'm in Los Angeles and I invest out of state for many of the reasons you're stating about NYC.

It is in a solid blue collar neighborhood.