All Forum Posts by: Charles Cooper

@Rory Coyle

Awesome! I have one in escrow in San Pedro. Your starting to see more and more investors/ first time home buyers flocking to San Pedro. It offers the best value for your money in South Bay LA market. Congrats man!

@Rory Coyle

South Bay has some good rental properties that make sense financially.

Long term goal should be to invest in units/multifamily. Now is a great time to 1031 it if possible. Cash flow out of state is great but you need to know the market you want to invest in and wont appreciate as much as California. FYI, I love Pasadena area for drinks and dinner on a night out.

I'm in Los Angeles, love to meet up.

@Tim ORourke

Tim,

Look into San Pedro. It’s one of the top investment areas in the south Los Angeles area. Lots of development going on here. I would be happy to help.

@Caleb Crockett

Welcome to BP! The San Pedro market is hot right now if you plan on investing local. The best best your money can get. Currently in escrow for two duplexes in San Pedro.

@Roman Rida

I also live in San Pedro and bought the home with a pool. I would never invest in a pool in order to increase the value of a home. They are the worst investments when you look at value per dollar spent. A pool in the LA area will cost at least $100k. You won’t see that value at all. There are a lot of expenses as well.

If you plan on renting it out or selling I would recommend saving the money and using it towards other remodeling projects or in another property.

@Minh Hoang

There aren’t any good PMs in Champaign from my experience.

Anyone have experience with construction loans and buying land in Temecula area?

@Neil Polehn

Welcome Neil

I would say depends on what you are looking for from your investment. Are you looking for cash flow (out of state) or equity/appreciation growth (CA)? I would definitely go units, can't go bad with them. SFR is for getting started or houehacking but seems like you already have experience. Go with units and you won't regret it.