All Forum Posts by: Jeffrey Isenberg

@Isaac S.  Thanks for your comments.   You will find this to be a great group of people and an informative session.  We will look forward to seeing you!

@Alex Bekeza  Thanks for the feedback and we will look forward to seeing you again!

Everything You Always Wanted to Know About Property Management

Please Join us for this month's informative presentation with Guest Panelist Michael Borba of Borba Property Management.  Attendees will learn from their 30 plus years of management experience as we begin with an overview of the property management business. We will then open the floor to your questions in keeping with an interactive format.

Whether you are just starting out as an Investor or are already underway in building your portfolio, this Meetup will be super informative and is not to be missed!

Our first Meetup exceeded all expectations with over two dozen attendees and awesome food in a relaxed setting. We strive to keep building on our initial success so  remember to come hungry and support our host venue Te'Kila.  Looking forward to seeing you there and please remember to RSVP!

Schedule as follows:

5:30pm-6:00pm Networking
6:00pm-7:15pm Presentation
7:15pm-8:00pm Q&A/Networking

Sam,

Just came across this original post and wanted to offer the perspective of a long-term buy and hold strategy right here in the LA market.  

All too often the significant appreciation in LA is overlooked in favor of cash flow with OOS investments.  The faster appreciation in So Cal allow you to re-leverage at the appropriate times to significantly build your portfolio.   

Its a long term play as you can have both elements of cash flow and appreciation.  It takes longer, but you will supercharge your returns in the long run towards the goal of building net worth.

Keep educating yourself with the knowledge from the BP community and you will find the right strategy that works for you. 

Jenny,

Great question as there is indeed a lot of focus placed predominantly on cash flow that makes the returns associated with out of state appear to be the way to go.

However, real estate returns are obtained from 4 areas: cash flow, appreciation, tax benefits & equity build up through amortization.  When combined with the appropriate use of leverage, you can supercharge your returns in excess of 20% right here in the local market.  

Often appreciation is overlooked, however this is a very important component that allows you to re-leverage at the appropriate times to build your portfolio towards achieving the goals of income replacement and wealth building.

Keep educating yourself with the knowledge from the BP community.   Once you have the right team in place including property management, investing in your own portfolio is not that intimidating.

Most likely will have a podcast recording and will update on how to access it after the event.  Thank you.

There exists an established Multi-Family Sub-Group of the LA South REIA with over 400 members. The meetups are in Torrance on the last Monday of each month. Here is a link to that group.

https://www.meetup.com/LA-South-REIA-Multi-Family/

A great way to get started would be with a 2-4 unit to minimize the risk for a first time investor.   At 42, you have a comfortable timeline of 15-20 years to take advantage of significant capital appreciation right here in the Southern California Market while maintaining positive cash flow as you build your portfolio.

You may want to reference the blog on my profile page that details a first hand account of getting started in multi-family and where that can lead.  Keep seeking advice and you will find the right fit for a starter investment.       

I wanted to take this opportunity to introduce myself to the Bigger Pockets Community and to connect with fellow members.  After four years in multi-family investing with great success, I am now fully focused in real estate as a multi-family investment consultant with Buckingham Investments in the South Bay area of Los Angeles.    

Please feel free to reach out with an introduction or to network.  Thanks and I will look forward to connecting with you. 

@Regdric Malveaux Date is June 28, 2018 as referenced at the top of this thread.  More details can be found directly through the below event link on meetup.com

https://www.meetup.com/Sherman-Oaks-Multi-Family-R...