SoCal Best Buy & Hold Markets
I'm down from Seattle area visiting family in SoCal over the holidays. If I have extra time, what area or areas would you check out for buy and hold 1-4 residential property and why?
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I'm sure you're vacation is over, but if in case you're still thinking about investing in LA...
Frankly, I would look all over the LA westside for your investment and make your decision based on the financials, your desired rate of return, cost of investment, etc.
LA has a such a strong rental market, that you usually will not have to account for as much vacancy as you might in other markets.
According to this recent article from the Economist, 52% of Los Angelenos rent and the vast majority spend well over 30% of their income on rent.