All Forum Posts by: Anthony Johnson

@Luis N.

Thanks for the Reef information. I would love to chat over coffee as I am still looking at different sources of acquisition and neighborhoods where best to settle and would love your perspective. 

@Matt R. 

Thanks for info about ocean development, I will look further into it but from what I gathered they focus on non owner occupied. As for the school info, 1 my wife and I don't have children but we plan to adopt, and 2 LAUSD is an open district which means you can send your children to any school within the district, its called inter district transfer and the schools in the area are actually decent avg 5 on great schools but you can also go magnet or charter. I know several friends who actually don't live in LAUSD borders but do a intra-district transfer to send their kids to 8-10 rated LAUSD schools and said they love it. 

For this reason I'm bullish on certain pockets in LA especially south LA, for reference look at Leimert Park, West Adams, and University Heights. The homes are well above ~30 higher than peak mainly due to little interest during the last RE boom and now very high income couples moving in to live in nicer areas that are closer to work and growing public amenities. 

Thanks for everyone's input, 

Anthony 

Thanks Francis for the insights.

 Thanks for the heads up MJ,  when you stay I would not want to leave in which areas should I look out for? I am familiar with most of LA but any insight would be helpful. 

@ David Tipton ,

Thanks for the insight. I'm a bit bullish that this area will appreciate in the near future but want to make sure it doesn't restrict my future property endeavors and I intend to buy and hold. I ran the GRM and it averages about 14x but the cap rates are 4-6%, the kicker are that expenses seem to add up and I do not intend on relying on appreciation.

Hello BP, 

I am currently interested in house hacking opportunities in South LA 90011. But after running multiple calculations of MLS listed duplexes very few deals pencil out after moving out. I am aware that LA is difficult to cash flow but I would like to get as close as possible. Any ideas would be awesome.

Thanks