Updated over 7 years ago on . Most recent reply
New Investor in Los Angeles, CA
Hi everyone! My name is Vivian and I'm from Los Angeles, CA.
I got interested in real estate after I bought my own primary residence last year, and started managing my parent's SFR around the same time. Soon after, I came across Bigger Pockets and read Rich Dad Poor Dad, which sky rocketed by interest in real estate, after realizing it wasn't as daunting as I thought it was.
My goals are to close at least 2 deals this year. I'm looking in both LA and out of state, although OOS seems a little bit more tangible at the moment (trying not to get paralysis by analysis). I'm primarily looking for multi-family units that cash flow. Eventually, I'd love to get into flipping and adding value to property.
Happy to chat and toss around ideas/strategies with anyone! If you're in the LA area (I'm in West LA & DTLA) and want to get coffee, I'm always down for that too.
Most Popular Reply
WElcome! A good area if you dont want to venture too far is to buy around Temecula. You can get a good 3 bedroom for $370, and a good 4 bedroom for $400+450. GReat schools, low crime, great tenants, etc. Just a thought. Properties are appreciating well and rents are steadily rising as well.