Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

25
Posts
8
Votes
Jon S.
  • New to Real Estate
  • Orange County, CA
8
Votes |
25
Posts

Starting out in Los Angeles, where/how to invest?

Jon S.
  • New to Real Estate
  • Orange County, CA
Posted

Hello everyone. Would like to ask the community for some advice on starting out. I live in Los Angeles, have about $75k, excellent credit, and great W2 income. I am looking to start out in REI and could use some guidance. Of the different options I've read buy and hold is most appealing. I'm not sure I would have enough capital to build a strong portfolio of rentals just yet, so I'm considering flips as well. The problem is everywhere I read Los Angeles/Southern California aren't the best choices when it comes to either option. Investing out of state seems appealing because of the cash flow possibilities. Obviously the down side is being so new I'm not sure it'd be a wise thing to do. One other possibility I've looked into is investing in not-so-desirable areas (i.e. Compton, Inglewood, Watts, etc). Can anyone chime in on this option?

Any advice/guidance would be greatly appreciated.  

Most Popular Reply

User Stats

1,850
Posts
707
Votes
Jon Huber
  • Rental Property Investor
  • Boca Raton, FL
707
Votes |
1,850
Posts
Jon Huber
  • Rental Property Investor
  • Boca Raton, FL
Replied

@Jon S.  I have to agree with @Matt R. . This is why I bought my primary in LA, but invest out of state. There are exceptions, and you will find some people that are investing in LA. If you attending the meetup tomorrow ( Jan 25th - LA Meetup ) you may find the chance to discuss in more detail. 

  • Jon Huber
  • Loading replies...