Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Alvin Uy

Alvin Uy has started 13 posts and replied 274 times.

Post: BRRRRing in Los Angeles even possible?

Alvin Uy
Posted
  • Rental Property Investor
  • Los Angeles
  • Posts 284
  • Votes 184
Originally posted by @Seth Borman:
Originally posted by @Geordy Rostad:

@Alvin Uy

I don't know much about LA real estate but this looks like a BRRRR to me:

https://www.realtor.com/realestateandhomes-detail/136-W-48th-St_Los-Angeles_CA_90037_M24678-55039

If I were there though, I'd probably try to BRRRR a little further out east like San Bernardino, Hemut, or Sun City.

 I'll be amazed if that house sells for less that $350,000.

 Are u an investor @Seth Borman?   

Post: BRRRRing in Los Angeles even possible?

Alvin Uy
Posted
  • Rental Property Investor
  • Los Angeles
  • Posts 284
  • Votes 184
Originally posted by @Geordy Rostad:

@Alvin Uy

I don't know much about LA real estate but this looks like a BRRRR to me:

https://www.realtor.com/realestateandhomes-detail/136-W-48th-St_Los-Angeles_CA_90037_M24678-55039

If I were there though, I'd probably try to BRRRR a little further out east like San Bernardino, Hemut, or Sun City.

Looks like that one is already pending....  another issue with properties here is SoCal... investor saturated market. 

Post: BRRRRing in Los Angeles even possible?

Alvin Uy
Posted
  • Rental Property Investor
  • Los Angeles
  • Posts 284
  • Votes 184

Hiya! New to this BP forum and podcasts.... but have been an investor for quite some time now with 6 SFR and a 4-plex under my belt in Eagle Rock, Glassel Park area. Heard about BRRRR strategy but i cant seem to find any deals in Los Angeles to make this work... without going negative on rental cashflow. Its like winning the lottery it seems unless you put downpayment on the loan amount to offset the rent.

I know this is question has been covered a million times...  Anyone here have any success with BRRRRing in Los Angeles?   If so, what strategy are you using?

Post: Met the 1% rule in hot HOT LA

Alvin Uy
Posted
  • Rental Property Investor
  • Los Angeles
  • Posts 284
  • Votes 184
Originally posted by @Andrew Y.:

We purchased duplexes and quadplexes alongside 110 Fwy from 41St all the way to 105 Fwy. I currently entered escrow in 208th (South of 105 Fwy). It’s a single family house and I’ll demolish it in order to build a 5-bedroom duplex.

Hi Andrew... Are you able to use the BRRRR strategies in this area of LA?? If not, what strategy works to get that cash flow?

I own 6 propeties in Eagle Rock, LA. Mostly Single Family Houses since those are Not under RC.  But i do have one 4 unit near Occidental College (where Pres. Obama went to school)... with existing tenants on 2 of them that Ive inherited under market rent....  But the other 2 units are student housing which helps gets me cash positive.  I love Eagle Rock but Its getting tough to find gems.  Im looking to getting more student housing and been considering finding one around USC...   How’s USC area for Student housing? Any tips?