Hi Bigger Pockets,I am Lakshman from Los Angeles and want to take this opportunity to introduce myself to the Bigger Pockets Community.

Green grays/Blue grays/ Warm grays/Brown grays.Pinterest is a great place to go find ideas for homes if you get stuck.

It was the lower end counties and areas (North Los Angeles, San Bernardino, Riverside, and Fresno) that got clobbered.I recently had the opportunity to hear Bruce Norris (a man after my own heart) speak about his prediction for the CA market, and he is very uncertain, because the CA market is doing something it has not done in the last 3 real estate cycles since 1970: it is pausing rather than continuing to run up. 

We spent a total of about $19,500 on repairs which I think was pretty good.So we are $130K all in (comparable houses in the neighborhood go for $160k) We rented it within 2 weeks for $1500/mo:Gross rental income: $18,000Vacancy Loss (5%): $900Insurance: $1900Property Taxes: $2000Management: $900Maintenance & upkeep: $1000Lawn Service: $480TENANT PAYS ALL UTILITIES-----------NOI: $10,820 (8.3% cap rate)Debt Service: $5400 Cash flow after debt: $5420 annual (about $450/mo).As for the area, it is a solid blue collar working class neighborhood, where I hope most tenants will stay in the property for many years.

I am a fish out of water in this arena.Property is a condo in a hot area of Los Angeles with a loan balance of $230K.

Navy Blue

Project overview - basic info, size, location, numbers, how found property, budget, blue prints, permits, surveys 2.

I made a 2nd lien here in Los Angeles, CA in May 2008, Owner Occupied.  

Check out the "Learn" tab up top along the blue border.

Hey all,I'm from Los Angeles and have been looking at out-of-state markets.