Actively Investing in Southern California?

Question

Is there still value in the SoCal Real Estate Market? If so, what do you look for in an investment opportunity? (e.g. price point, location, SFR, or Multi Family)

Jason Hsiao · Answer

I call this playing moneyball in real estate. Look for properties that are sitting on the market say 21 - 30 days and see if you can put your negotiation skills to work. Look for properties that fell out of contract. Some properties that are ugly ducklings ready to be turned into an all star!

We just found a place that's $83k below fair market value and $171k below what Redfin and Zillow says if you believe that kind of stuff haha. It was a Zillow iBuyer home and they weren't showing and marketing it well.

Also in contract to purchase a duplex to add two ADU's in the $800's and the exit is $1.6-1.8m in silver lake echo park area.

Alex Kim · Answer

@Jason Hsiao what are some financing options for a duplex with ADUs in Socal market? Either selling/refinance

Jo-Ann Lapin · Answer

For sure there are always deals out there . You need to be resourceful and have great data .

Peter Mckernan · Answer

There is still value, and you'll have to look for the value add deals that truly come out. The value add deals are ones that will make you are great return on your money, the value add ones are the properties that you add square feet that no one else sees (adding 200 square feet in a patio that already has a roof over that patio), adding an ADU, adding another unit, etc.

Marc Rice · Answer

@Nathaniel Davis

There’s value everywhere! Start cold calling sellers off market and I’m sure you’ll start to learn from them as well as find some value in those off market properties, inherently you’re saving a 6% on commissions.

Actively Investing in Southern California?

Actively Investing in Southern California?

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