All Forum Posts by: Charles Cooper

@Rachel S.

I know the second time!! There is so much other development though, they will be back if not someone will eventually rent that space. I'm debating if I should buy out of state units or another property in San Pedro. I currently have alerts set where anything under valued gets sent to me.

@Jacqueline Suarez

I can help you with doing a search on properties and analyzing deals. I'm a numbers guy, so I enjoy doing it with my clients or anyone interested that doesn't like excel.

@Moshe Greenberg

Let me know if you want any deals sent to you.

Hello fellow BP members, anyone in the California area have any experience with converting an office or loft into a actual room on title. For example.

My property has 3 bedrooms but I also have a separate room that I use as an office. The room has an actual door with entrance and an exterior window. If I add a closet, would that be considered a room? What are the fees with permits and what not? Thanks!

I'm house hacking in San Pedro on single family residence. Bought two years ago and build some equity in those years. San Pedro will blow up in prices in next 3-5 years. There is a lot of development going on.

@Twana Rasoul

Congrats on making that decision to buy and invest. $400K is really low in LA market. You could potentially find a SFR for that amount and house hack that. You can run a search on finding an undervalued property that needs work and with some work overtime, you can get a decent ARV (After repair value) and refinance. For a duplex in LA, the competition is high since everyone wants to do that. I would suggest something in $550k-$600k would be on the low end of a duplex in LA or perhaps invest in a near by metro area to get a duplex for $400k just to get your feet wet, like Bakersfield or San Bernardino. You can get good returns for your money and save up for your next investment

@Christine Humphrey

Its hard taking that first step and buying a property. The thing is you just have to do it and then everything will follow and you will figure it out. Just analyze the deal before hand and it makes sense, go for it. You can start small with an out of state investment. The good thing about real estate is that it rarely loses value. So its a win win! Good luck.

@Colin Lee

If the numbers make sense in the LA market, buy...if not you will keep waiting for something else.

This helps a lot @George Fitz. Thanks so much! 

I have also been looking at San Antonio

@Alan Stivelman My family is also from Argentina!

@Wilder Omeri yasci

My family is also from Argentina! I agree with @Joseph Cacciapaglia. As long as the numbers make sense you need to go for it. If not you will make yourself go crazy and never buy your first property. Start small to get your feet wet. Florida (Tampa and Orlando) is a great place to invest right now.