I'm invested in a property near the Grove that's executing that business plan now.At a simpler level, that might mean buying a house with a garage, converting the garage into an ADU, and renting out the ADU.I think a super solid first step to get into the LA market is to househack a home or a multifamily.

Hi Zafer,The best bet to know what the property tax is on vacant or improved land is to look at the local county's assessor's website.

I am a busy medical professional and don't have the time to try and find off market deals and also don't have the time to constantly peruse the MLS looking for deals.

Being an investor and lender myself, I have networked with many local banks and found one bank that is able to do investment HELOCs.

BP also offers a link to connect with local agents to help you find your investment property.

Anyone telling you it's an easy business is lying to you. 

Hi Debbie,That sounds like a really awesome setup and bravo to the local government to allowing this!

The business renting the storefront unit did a complete haul of the space to bring it up to codeWhat was the outcome?

. - For greater than 5+ multi family properties the 'best' initial source for financing could be a local credit union or bank.

Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.