All Forum Posts by: Nabil Suleiman

@Daniel Krantz

Yes, it will depend on a few things including what currently exists on the lot, size of the lot, and how much of the current space the multi unit takes up on that lot. Outside of that the rest is pretty easy to deal with. 

@Brandon Carlson

Feel free to reach out via pm or text and we can connect 

@Account Closed

Also CSUN Alum, and agree with @Ellis San Jose. If you want to connect at a job site in LA, would be happy to chat ideas on what you can do. Also remember to calculate taxes when cashing out stocks so you know exactly how much you will have and how much you will need to pay come tax season. 

@Darren Elliott @Account Closed

I am doing on site visits now if either of you are interested. Masks and closed toe shoes required. Feel free to PM, text or email me. 

@Rick Albert

Ditto on above

@Sammie Xiao

I’ll send you a pm

@Jorge Ramsés García You will find way more opinions telling you to invest out of state because most people can't afford or don't want to invest that kind of money in LA. You can buy large multi unit complexes in the sun belt and shoot for 100 a door vs that maybe buying a duplex in LA that needs a lot of renovation and potentially comes with unfriendly tenants. Takes a special kind of risk taker to do stuff in LA or similar priced cities. You kind of just have to explore what you are comfortable with and where you see value yourself and go hard there. Otherwise everything will be a shiny diamond, because everyone on here can share their reasoning behind why they think their investment choice is the best choice. I like investing where I live, and justify my investment choices. Are there better cash flow options out of state? Probably. But thats not what I want to do. 

Not sure if that helps in anyway but I hope it does a little :) 

@Jorge Ramsés García

Im speaking purely for investing in LA

1.If brand new to RE, some options would be to find other active investors, and either provide capital or JV with them. (aka there are always developers looking for Capital)

2. Take on projects yourself if you feel you have the understanding or the confidence. If you can utilize todays market demand and are comfortable with that risk, it can be very advantageous. 

3. Find a multi unit in need of work and higher rent in an area you want to invest in, vacate and rehab what you can, and increase your cap significantly. 

4. ADU's are a popular source of cash flow if you have the upfront money to afford doing them.

Those are my thoughts. I can't comment out of state but I know a lot of people find great success with cash flow. 

@Jorge Ramsés García

Does this person have a full time job or is real estate their full time job?

Hey everyone, 

Just so everyone is aware, there are a lot of existing meet ups, some are virtual now too. These work too, but if you are looking to network with people in your respective areas as well (SD, OC, LA etc) meetup. com is a useful resource if the events on BP aren't showing up. FIBI is a well known resource, LAREI is out near San Gabriel, and maybe 30 others between the two of those. My partner and I ran one in eagle rock, at least up the the shut down, and they are great resources for learning and expanding your networks. Do this still, but just be aware of your local resources as well.