Strategy To Investing before the Olympics
I visit Cali multiple times a year in the fall and winter. I’m seeking help on creating a strategy to purchase property near the Los Angeles/Inglewood area up to 2 hours outside these cities. The goal is to buy a property that can pay for it self and still have living space I can use when visiting and to have it before the next summer Olympics in 2028.
1) what price range?
2) what cities to look at?
3) how many units should the property have
4) should I bring in other investors
5) what else should I look out for in this search?
Most Popular Reply
Making broad assertions here, but unless you're paying in cash, you're unlikely going to find a property in SoCal that will "pay for itself" let alone also have a living space you can use. Pricing over there seems to be more speculative on what it could be worth 15-20 years from now rather than tied to the fundamentals of cashflow.
Also if you start in Inglewood, 2 hours in LA traffic doesn't get you very far haha