All Forum Posts by: Katie Tran

Both the stat of CA and the city of Santa Ana have rent control. You did not state the city in OC, but if it is in Santa Ana, they have a fairly extreme rent control that passed this year so i would not buy multi-family there unless your are happy with the return without any meaningful rent increases. California's is not that bad and has a base rate, inflation rate and cap. This year ca would allow you a max 10% increase.

Wow Santa Ana is terrible. 3% is rough if your are below market.

Fortunately it's not Santa Ana

Wondering if you happened to pursue? From what I read, avoid Santa Ana? Saw something in Santa Ana 92705 (next to North Tustin and Orange) but the rent control sounds like a no no.

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Quote from @Joe Homs:

@Nicholas Ramirez I don't know of many multi-family with a land lease. Mostly Condos in Santa Ana areas. You should check with a lender, as you will probably not be able to get a loan now days on something like this. The price is probably really low because of the lease. You should also check with a CPA, as you probably will not be able to deduct the lease payments as well.

Good Investing...

May I message you with a question? Thank you!

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Orange County, California

Quote from @Jordan Futch:

Are there any cities or areas in southern/ central California that cashflow, or is that impossible now with today's interest rates?

I’m in Long Beach/Orange County area. Looking for the same! Any luck?

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All Forum Posts by: Katie Tran

Katie Tran has started 1 posts and replied 4 times.

Post: Santa Ana 92705?

Post: Orange county multifamily

Post: Multi-Family Quadplex & Leased Land

Post: SoCal Multifamily markets