All Forum Posts by: George Ouzounian

Thank you for the feedback!  My goal is cash flow but Riverside is just not attractive plus dealing with tenants 2 hours away sounds terrible. I think I'll just focus on the area around me and see whats the max units I can get for my budget. Do any of you invest out of state? Do you recommend that as a first buy and hold investment? 

Hi guys, I'm a real estate agent and investor in the Los Angeles area. I did 2 flips and just about to sell my first new construction! I'm looking to purchase an investment property with the profit to buy and hold. 

My budget is about $500K. For $500K you can find a lot of duplexes and few 3-4 units, mostly fixer-upper in east LA not very good areas built in early 1900's 

If I expand my search to Kern County, Bakersfield about 2 hours away. I can find 4-6 units 100% occupied under $400K some in the $200's 

Do I stick to the east LA area and buy a smaller duplex or triplex fixer or do I go out to Bakersfield and buy 6 units? 

Thank you in advance!

Can't wait!

I'll be there +1

Hello everyone, 

My name is George Ouzounian, I'm a 30 years old realtor in the Los Angeles area. I've been a realtor for a year and half now. I have a background in mortgages, loan modifications and short sales. 

I have been reading books, listing to podcasts and researching about investing in real estate for a while now but haven't really done any projects yet. 

Just thought I'd introduce myself to everyone. I'm looking to join any local masterminds to network and learn from seasoned investors if you know of any please message me. 

I look forward to getting to know everyone. 

Kind Regards, 

George Ouzounian