All Forum Posts by: Victor Argueta

ping me and I'll send you a rental appl. and the our 6 page lease agreement. 

Sorry, should have been more specific. You have to find pockets in LA that meet/exceed your expected monthly cashflow needs, ROI, or whatever metric you use. I purchase sfr/MF in 90302 and 90002/3 because it meets my parameters. If you are looking at cheaper homes, inland would be idea. Inland as in Riverside and SB counties and of course you'll have to consider rental rates in those areas as well.

I agree with Tatiana. Inglewood is not a rent control area and offers great opportunity if you can get in at the right price. Same with Torrance 90501: it is a great area for rental purposes but falls under LA county. At these price levels, you'll be looking more at asset appreciation than cash flow. If you want cash flow, you will need to go further in land. 

agree with comments above. Also, join a REI club, talk to friends and family who are in the biz, and just do something. take some type of measurable action.

use their "kind words" to grow your business. Use it as motivation. Once in a blue moon, someone makes a similar comment to me as well. BTW it tends to be the same people who call me to ask for a personal loan. Go figure. 

They (investors) are liquid and/or have access to cheap money. They can show higher ROI than other asset classes.

great job. now find a way to replicate your efforts. cheers. 

I agree with Carol. LA is very competitive and lots of liquidity here. But you have to start somewhere, therefore, my suggestion is get some experience in your local market before you consider doing anything in LA. Look around, I promise you there are opportunities near you. 

inquire with ladwp for current info. If i recall correctly, I paid ~$125 per meter as we participated in a water conservation program. Normally it runs around 400-500 bucks. also the area is no longer referred to as south central, its South LA and soon SoLA. ha

You should be fine with this deal that you've locked in. Good news is your current rents are below market. I own duplexes on 83rd and Main, 2 triplex on 93rd and Avalon and SFRs west of the 110. Market rents for 2bd/1b range from 1200-1350 depending on several factors of course by my 2 beds rent for that. I manage all my props and as far as vacancy, trust me, the minute one moves out you will have 20 applicants trying to rent from you. I normally provide $50 bonus to the tenant leaving if they allow me to show the units to prospective tenants before the tenants move out. This way as the tenant moves literally the other one jumps in. Finally, look into LADWPs offer to install water meters in units where only one exists. This way in the future when one tenant moves out you'll be ready to have the pay for the water. BTW, these are my best tenants. cheers