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All Forum Posts by: Neal Daniels

Neal Daniels has started 1 posts and replied 2 times.

Post: Buying (or not) in Los Angeles. Help!

Neal DanielsPosted
  • Los Angeles, CA
  • Posts 2
  • Votes 0

Thank you guys!

@Nabil Suleiman  

A - I am buying to move in myself yes, hopefully staying for a few years and selling.  Looking to climb that LA real estate ladder, if that even exits still.

A2- My current rent is $2250 and my girlfriend and I split it.  She will be living with me in the purchased home and be contributing around $1000 a month towards the mortgage. Buying the property by myself fyi.

B - Not sure, I would like to keep an eye on the property and move out when/hopefully it appreciates to a substantial degree.

C - It hasn't been sitting for that long, I've really acquired all of this in the last 16 months.

C2 - I will be living in the property and self-managing..  not completely clear on the question.

Hope this helps, I appreciate your time! 

Post: Buying (or not) in Los Angeles. Help!

Neal DanielsPosted
  • Los Angeles, CA
  • Posts 2
  • Votes 0

Hi everyone.

I'm brand new to this forum and very new to the real estate world.  

As a self-employed musician, I finally have 2 years of high tax income being shown, and I have some cash to buy now in Los Ange.  Also, Pre Approved.  I managed to get 2 years on a W2.

I'm looking in the range of $300,000 - $450,000 range, condo, townhome etc. House would be preferred but not for my price range.  Preferably looking in east LA, anywhere from Koreatown all the way to Azusa.

I wanted to ask if you think it's a good time to buy in LA.   Everyone is telling me, "if you can do it, do it" but I'd like some real opinions here.   

I'm looking at this strictly as a business and am looking to make as much profit as possible, obviously.

Any insight on great upcoming areas, or any advice on when or how to do this PROPERLY, would be so appreciative.

Thank you!