Question on RE house flipping location (Los Angeles Area)?!?

[Jonathan Larios]

Okay, so I've been reading a few books on buying and rehabbing homes, and I have a general idea of what I want to do. However, my biggest issue is what area to buy and flip. I live in the San Fernando valley area in greater Los Angeles, but I would like to invest in the Antelope valley area. I know that area is not necessarily a great location, but I only have about 35-45k liquid capital to put down, and another 30-35k available for any remodeling (ideally I'd like to spend max 15-25k, but I figure I'd save another 15k extra just to be on the safe side. My question would be if I should continue with that area, or should I save more until I have enough for a bigger down payment in a  better area home? I do work a full time job, and I am only 23 years old, which is why I'd like to start investing now when I do not have any essential obligations (I currently live at home and am not married or have kids). If anyone can help me out, or if anyone has invested in the Antelope Valley, I'd greatly appreciate any advice. Thanks in advance, and have a great day!

[Bob Okenwa]

Housing Supply Explained

Here's an article explaining housing supply and what kind of numbers you should be looking for. No such thing as stupid questions. It would be foolish not to ask and get as much info as possible. I'm just like you in that I want to have as much info as possible before getting started to avoid as many mistakes as possible. Due diligence is a must.