Updated about 9 years ago on . Most recent reply
Long-time Lurker in Los Angeles
My husband and I started our real estate journey in 2010 when we bought our first home, a duplex in Los Angeles. We spent the next 5 years on a DIY down-to-the-studs remodel on our unit. We were able to pull out some equity last year and put a down payment on a fourplex in Pasadena which we're now in the process of renovating.
We'll be done upgrading the Pasadena apartments early next year for a 30%+ increase in rents. Then, the search will be on for the next rental property.
The BP forums have been a great resource in the past and I'm thrilled to finally be saying 'hi'. :-)
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@Maggie Jones hello :).It took me a while also until I had my first post in the forums.
It's nice to see other local investors, it seams that the majority is looking to invest out of state.
I purchased a duplex in Burbank 2 years ago and looking to buy another multi family in the next year.
Is the fourplex vacant or are you remodeling with the tenants in the units?