Los Angeles Multifamily House Hack
Hey everyone! So I know that the Los Angeles area is notorious for being "impossible" to cashflow. However, I've learned that some people have been able to cash flow with turnkey properties that are small multifamily. Does anybody have any advice, as to how one could accomplish this? I've been analyzing some properties and the numbers still don't work out.
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I hear this a lot, I can't find any deals. Would you truly know a deal if you had one? My advice is to decide what a deal looks like to you and go out and find a location where it exists. LA is a great RE market but it is tough because it takes a lot of capital to invest and the cash flow is low (although the IRR is very high done correctly). I personally went out of state to get started and I'm really glad I did. I own a portfolio of small multifamily rentals in Kansas City. I also invest in LA, but I don't own rentals.