Updated over 5 years ago on . Most recent reply
BRRRR Deals : South LA - Hawthorne - Torrence - Inglewood
Targeting South LA and surrounding communities as far south as Long Beach for first 2-4 unit BRRRR deal.
I fully understand that many experienced investors will say they simply don't buy multi-family deals in Southern California and instead look toward Phoenix, Las Vegas and Texas (at least for markets in the southwest.) But this argument seems to be specific to commercial apartment buildings.
I live in LA and would rather find my deal here if the numbers make sense. There is still a considerable housing shortage in LA. (And I don't feel ready yet to take on a rehab out of state, as I'm building my team here in LA)
MY QUESTION - Taking into consideration the Crenshaw/LAX Metro line opening in 2020 (which drastically changing the Crenshaw corridor all the down through Inglewood to LAX) as well as the LA Rams stadium opening in 2020, along with the renting housing shortage in Los Angeles :
Do you like Hawthorne, Torrance, Southgate, Inglewood, Long Beach markets?
Have you done any deals in these areas in the last 6-12 that you really like?