Los Angeles, CA · Member since 2017 · 23 posts · 3 votes
I know the market is really hot and we've been hearing from flippers that they can't find any properties. Are you guys having that problem? I am curious to hear what the experience of others is like right now in the Los Angeles and Southern California markets.
Investor · Tarzana CA and Houston, TX · Member since 2015 · 326 posts · 130 votes
9y
i feel a lot of inventory starting to make its way to the market so could be a consolidation period . as more people retire i think you will still get homes that need rehab come on the market and trade... if you direct market (which i dont), i would try to look for those really bad shape homes with elders and see if they want to downsize.
side note, if you are looking for a development property i have one in my portfolio in north hollywood that i wouldnt mind selling if the price made sense. feel free to PM me
Specialist · Denver, CO · Member since 2015 · 80 posts · 26 votes
9y
It is fairly tight there in LA. But there are definitely opportunities. What areas or price ranges do you operate? You should try finding a niche. If you have the resources, i.e. Cash, you can find deals in the Hills. These are high end luxury homes. If you'd like less expensive opportunities check out the areas centered around to 105 and the 110. There's some deals in the lower end neighborhoods over there that some investors wont invest in. If you need any help finding those I'd be happy to help! Good Luck.
Los Angeles, CA · Member since 2016 · 156 posts · 113 votes
9y
I'm not a flipper but my agent who just sold me a duplex is a flipper. He focuses on the south LA area ( below USC and west of 110 ) and he's getting properties priced very well because he's selling them $400k+ after renovations. He's consistently flipping properties which includes SFR, duplexes, and triplexes. There seems to be a good amount of turnover in the area. Hope this helps.