Updated over 7 years ago on . Most recent reply
Hello BP from San Pedro, CA
Hello BP community. I'm new to BiggerPockets, but I've owned a triplex (unknowingly house hacked the last 14 years) here in San Pedro, CA that I'm currently in escrow on the sale of.
We bought this house in 2004 out of probate. We were pushed by investors into the court room where our original bid was pushed up $100k. We ended up buying it for $655k. It's a 3 unit triplex that was built in 1989 and doesn't therefore fall under RSO(Rent Control) guidelines for the city of LA. I'm far from being an experienced investor, but I'm not a complete beginner.
As I mentioned, I'm currently in escrow, and I'm looking to be more intent on owning and investing in multi tenant properties. In the beginning, here in San Pedro so I can house hack my next property. After that, I don't want to be tethered to one location. Really it has to pencil. I've made to many mistakes using just "the feels" and not enough about the dollars and cents. Going forward it has to have both.
If you're in the LA area, , and looking to build a network lets connect.