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Updated almost 8 years ago on . Most recent reply

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5
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2
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George Ouzounian
  • Real Estate Agent
  • Studio City, CA
2
Votes |
5
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Where to buy my first investment property

George Ouzounian
  • Real Estate Agent
  • Studio City, CA
Posted

Hi guys, I'm a real estate agent and investor in the Los Angeles area. I did 2 flips and just about to sell my first new construction! I'm looking to purchase an investment property with the profit to buy and hold. 

My budget is about $500K. For $500K you can find a lot of duplexes and few 3-4 units, mostly fixer-upper in east LA not very good areas built in early 1900's 

If I expand my search to Kern County, Bakersfield about 2 hours away. I can find 4-6 units 100% occupied under $400K some in the $200's 

Do I stick to the east LA area and buy a smaller duplex or triplex fixer or do I go out to Bakersfield and buy 6 units? 

Thank you in advance!

Most Popular Reply

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483
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234
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Sanjeev Advani
  • Investor
  • Bakersfield, CA
234
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483
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Sanjeev Advani
  • Investor
  • Bakersfield, CA
Replied

George Ouzounian I think the answer comes down to are you more a cash flow investor or an appreciation investor?

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