Great investments in socal?
1 Reply
Nia Dixon
posted over 1 year ago
Hello , Everyone I'm barely started out with trying to invest into real estate doing all my necessary research , reading etc I often hear from experienced investor I should invest in my market I would have a better advantage that way problem is my local area socal is way out of my budget. Can someone perhaps point me in the direction of a good city on the outskits of Los Angles that could perhaps be a good investment for me? My budget for my down payment is approximately 20k.
Will Barnard
(Moderator) -
Developer from Santa Clarita, CA
replied over 1 year ago
Need more details to better advise but basically, the desert cities and the outskirts of LA will be priced lower and potentially offer some cash flow for a buy and hold investor if you find the right deals. Creative financing is also something you can look into. Seller financing, private money, partnerships, purchasing subject to existing mortgages (sub2), & credit lines are all ways of creative financing.