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Updated almost 11 years ago on . Most recent reply

User Stats

48
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4
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Kian Golchin
  • Tarzana, CA
4
Votes |
48
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investing options

Kian Golchin
  • Tarzana, CA
Posted

Question is this. I am a LA resident and love LA but do not mind relocating if I have to for better long term results. If you were in my shoes and you were getting into real estate full time as I am would you:

-stay in LA and just focus on wholesaling since the market so expensive to rehab and flip? or would you consider partnering up to rehab and flip?


-focus on Inland Empire where I could basically do exactly what I want to do which is do light rehab and flip on the really good deals I get and wholesale the slimmer one's for a fee


-move to Phoenix and basically have the same strategy as for Inland Empire. I do have some good childhood friends in Phoenix and I am not crazy about the weather and location but I think for investing it does make sense

I generally like Phoenix more than IE since it is a major growing metropolitan city and I believe will have a lot of deals coming up there again soon with all the out of state investors jumping in there.

Not too crazy about land lording. Specially in this market and the run up we have had. No way would I be doing any kind of buy and holding right now. Only flips.

Would like to eventually move into buy and hold down the line and I believe Phoenix would be a good market for cash flow. Just not right now.

Thank you!

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