All Forum Posts by: Alex J.

panic sell of course!

just kidding

buy right, keep reserves, dont over leverage.

craiglist zillow westside rentals trifecta 

@Uzi Pablo

dont waste your time on r/e if you are able to generate that type of capital 

theres clearly more money in what you are doing ... to put things in perspective for you ... a 5 caprate market which is largely what you are going to get in the coast to generate $12m a year of income is going to be like putting $250m  to work.  

or even better... say you want to simply generate 10% return ... whatever you are doing now would require $120m investment to generate 12m.

so basically dont waste your time on this and keep on milking whatever animal it is thats producing platinum milk

good on you ...  keep at it .. best of luck

personally the whole "double closing" that they do is pretty lame ... it eats margin on the deal and they are not doing anything but creating an environment that makes you feel like everything is super time sensitive and create a sense of urgency.  

probably wont buy from them again, one and done

wow thats incredible, you flipped on average 62 houses a year?  kudos to you

main thing to remember, UK and los angeles have very different economics.... local economies in each specific area in los angeles even vary quite a bit

the income or industry in south la vs west la vs north la are all very different.

pick an area and dissect it make the best decision

"ghettos" in Los Angeles have a lot of life long renters that are very much govt subsidized  so you are not investing with a tenant but more so with the government and managing a tenant as a way to get a premium 

last  3 deals were off the mls... all were bought at a discount to what was listed at a value that was good for me.

Can you send me that deal you passed on pretty please