New member from Los Angeles California

New member from Los Angeles California

Investor · Los Angeles, CA · Member since 2016 · 28 posts · 4 votes

Hello! My name is Gary and my wife Ann and I are investors in real estate. We live and work in Los Angeles and we have both been here for about 12 years now. 

We have a pretty nice portfolio of existing real estate spanning several states and one custom home we built and own in South Thailand.

We have decided to try and find a multifamily 3-plex or 4-plex in the crazy real estate market of Los Angeles. So, we found Bigger Pockets and started researching the ins and outs of investing in multifamily. Most of our past real estate transactions have consisted of raw land and single family homes. Now we want to invest in multifamily. Any advice would be greatly appreciated and if any of you ever need advice on buying raw land (ranches, farms, build-able lots, etc.) please do get in touch. I have a construction background from growing up in the trades and have built several homes for investment purposes over the years. I am a veteran and would like to ideally use my VA loan to buy a multifamily unit.

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Jo-Ann LapinPro Member
Loan Officer · Tustin, CA · Member since 2015 · 3k+ posts · 713 votes
9y

Welcome to BP. Happy to assist and network . 

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  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    9y

    Welcome aboard Gary and best of luck!

  • Investor · Los Angeles, CA · Member since 2016 · 28 posts · 4 votes
    9y

    Thanks Andrew!

  • Jo-Ann LapinPro Member
    Loan Officer · Tustin, CA · Member since 2015 · 3k+ posts · 713 votes
    9y

    Welcome to BP. Happy to assist and network . 

  • Real Estate Agent · Burbank, CA · Member since 2012 · 271 posts · 79 votes
    9y

    @Gary Nicholson Welcome to BP!

    Do you intend to live in one of the units? I would suggest to buy in a non rent control area, a property  that needs work and has potential for rent increase.

    It's hard to find good deals in this market but not impossible.

    Good luck!

  • Investor · Los Angeles, CA · Member since 2016 · 28 posts · 4 votes
    9y

    Thanks Ciprian. All great advice. We would consider living in one of the units if we can find a property where the math works out to make that work financially. It's definitely an option at this point. 

  • Investor · Indianapolis, IN · Member since 2016 · 221 posts · 134 votes
    9y

    Welcome, @Gary Nicholson! I would love to hear more about your investment background. My husband and I are also located in LA and are currently investing out of state. Would love to meet more local people with the same passion for REI as we have. Where are your current investment properties?

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