I've recently move to Los Angeles and I'm eager to learn about RE and to purchase an investment/rental property.

So just to give an update on where this REI journey is taking me.My recent gains has allowed me to be able to do a down payment of $600k-$800k which has now allowed me to look at properties from the $2mm-$3mm.It's still the same concept but wanted to see if there was any difference now that the numbers have changed.So for example let's say I have $700k to play with and am looking at two routes, purchasing one 2.5mm to 3mm dollar property or getting two 600k properties all in Los Angeles.If all properties in this example are duplexes for the sake of simplicity, I still think it's a better move to go with the two duplexes that are 600k each and pay over 50% down in order to cash flow well and still earn the appreciation incentives of Los Angeles (Which if my memory serves me correctly, was somewhere around 5-6%).

PS I am in Los Angeles..Thx!!

I'm in Los Angeles County and Long Beach.Hi I've purchased small rentals and flipped. 

I live in Los Angeles as well and invest in the Chicago market.  

If you know of any groups in Los Angeles that meet about the above please let me know!

I'll also post a new link looking for a California (or hopefully a Los Angeles based) CPA this afternoon if for whatever reason you read this post at a date later than today.

This would be a starter multi-family investment in Los Angeles / OC for 500K.

In Los Angeles market having 100k will get you just started.

My tenants have included:2 aerospace employees2 LA commuters3 families that lost their house to foreclosurePalmdale (and Lancaster) seems to ebb/flow with Los Angeles, reaching higher peaks and lower lows.