Newbie from Los Angeles, Californa

[Michael Pison]

Thank you Bigger Pockets community, my name is Michael Pison. I am an Occupational Therapy Assistant and my goal is to create cashflow  through rental properties here in LA county and possibly Nevada and Arizona. I am at the very early stage building up my income/tax history as well as saving up capital for that first down payment. In the mean time, I'd enjoy any conversation on experiences with rental properties here in this area. Thank you for your welcome. 

[Jon Schwartz]

Originally posted by @Michael Pison:

Thank you Bigger Pockets community, my name is Michael Pison. I am an Occupational Therapy Assistant and my goal is to create cashflow  through rental properties here in LA county and possibly Nevada and Arizona. I am at the very early stage building up my income/tax history as well as saving up capital for that first down payment. In the mean time, I'd enjoy any conversation on experiences with rental properties here in this area. Thank you for your welcome. 

MIchael, Aaron K is right. It's difficult to create cashflow in Los Angeles without employing some "advanced" techniques, like negotiating tenant buy-outs and renovating. This is all pretty expensive here, too!

Have you looked into househacking? I think that's an amazing first step for LA investors because appreciation and rents are both super high. In househacking a duplex, you can bring down your cost of living while building up equity for your out-of-state cashflowing portfolio.

Best,

Jon