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Updated over 2 years ago on . Most recent reply

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Safe investments for all cash buyer

Posted


I am looking to purchase an apartment complex in Los Angeles. Target price being around 1 million. Most properties I’ve seen are in bad neighborhoods. Mostly east Los Angeles or Crenshaw area. Wondering if this is a safe place to park an all cash investment. Can’t help but think of detroit and all of the real estate investors that lost big there. Any advice is welcomed. 

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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
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Jaron Walling
  • Rental Property Investor
  • Indianapolis, IN
Replied

@Frederick William No experience but you want to buy a million dollar multi-family property?... These two things don't go together. 

We all started from somewhere but I encourage you to read, learn, engage, and understand the basics of REI. Investing is math, experience, networking, and solving problems. Without these pieces you'll struggle.

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