All Forum Posts by: Albert Torosyan

@Myrna Gourgy Thank you for all the information I truly appreciate it.  I am new to this and I am trying to make the best decision possible all the info I am getting will stir me to the correct path. 

@Brandon Sturgill thank you as well.  I have connected with you as well, and have replied to your email.  Hopefully we can have connect and have a good conversation... 

Here at Los Angeles I have been lucky to work with Agents that have so much knowlege in their area.  I have done transactions with agents that focus on one area and their knowledge is so impressive as far all the way down to street level.  I have never worked with an agent outside of my area and I am hopeful that I can get connected with someone that knows the area and can offer me their services with honestly and integrity.... 

Thank you both !!!

Brandon, 

I would love to chat more if you have time to jump on this

thanks again, 

Bill Conlan 

Thank you So much for the input. I appreciate it 

I have been looking to invest out of state and I have landed in Ohio 
What do you think about Ohio any advice what cities to look at. 

Any Advice for someone like that is starting out new to Out of State investing  will be much appreciated 

Would you look at elsewhere vs. Ohio 

Hi My Name is Albert and I currently reside in Los Angeles CA. Since rental market prices are so high in Los Angeles, I am trying to buy out of state. Any suggestions where to look ?

I have 60k cash saved up which I would like to buy all cash. Any real estate agents that woould like to work with me that has knowledge in the local maket.

Any y suggestions or recommendations would be highly appreciated

Thank you

@Scott Lennon

I personally think that 4th quarter of this year will be very interesting to determine what’s coming next. Right now everyone is getting loans and unemployment but what happens when all the government aid stops and everyone is out money. Some go back to work and most loose their jobs. How quickly can government put together programs to help everyone. Another major downturn that I see is all the office buildings. COVID has changed the behavior of everyone. If companies see that employees preformance are the same as when everyone reports to the office - wonder if companies will keep their big office overhead or they will choose to work from home. If everyone works from home than what happens to all the commercial building. At last If commercial real state stalls than how would it effect Residental.

More questions than answers

It’s a messy situation for all of us

I reside in Los Angeles CA and its very difficult to find Cash Flow Rental Properties due to low inventory and high Prices 

I would like to ask you if you were to invest in different State other than where you reside 

How do you choose the right location, real estate agent and Property Manager 

thank you in Advance for all your inputs 

Brendon B. Property is Located in Los Angeles County (city Tujunga) I was in a middle of 1031 Exchange so i used local bank and got a residential loan. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $679,000
Cash invested: $170,000

3 units fully occupied with long term tenants

What made you interested in investing in this type of deal?

Passive income

How did you find this deal and how did you negotiate it?

Local Real Estate Agent

How did you finance this deal?

Bank

How did you add value to the deal?

Remodel and Long Term Tenants

What was the outcome?

Amazing

Lessons learned? Challenges?

Challenges were finding the right tenant