First investment in Southern California

Member since 2018 · 1 post · 0 votes

Hi everyone,

I am planning on making my first home investment in Southern California for a rental property so not sure if its Single family home or a condo or what would make sense for better income. I am thinking of a budget around 600K - 800K. Please let me know what are the options available or is there anything else available as a better option for investing?

Cheers!

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Aaron K.
Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
8y
There are plenty of options in that price range including multifamily, it may even cash flow a bit if you put down a large enough down payment.
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Jo-Ann LapinPro Member
Loan Officer · Tustin, CA · Member since 2015 · 3k+ posts · 713 votes
8y
Which part of SoCal are you looking in?
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Christian BachelderBusiness Member
Real Estate Broker · Marina del Rey, CA · Member since 2018 · 105 posts · 25 votes
8y
Hi @Prabhu Shetty and welcome!
I run a mortgage and real estate office in LA and have worked for multiple investors looking to get into the SoCal rental game. Not the best place for cash flow with the current prices where they are, but there are definitely opportunities if you know where to look. I'd be happy to answer any questions you have or provide any guidance during the process in either finding or financing the property. Drop me a message anytime.
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Julia Shevchenko
Contractor · Hollywood, MD · Member since 2016 · 139 posts · 47 votes
8y
Welcome, yes it is possible but get very clear on the strategy and the niche that you want to get into.
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