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All Forum Posts by: Shoshanna Douglas

Shoshanna Douglas has started 5 posts and replied 16 times.

Hi,

My husband and I own a townhome in west carson even though addressed as torrance we are still part of LA county. We bought a 3 bed, 2.5 bath townhome for 472k in early 2018 and its now valued about 520k. I feel like sometimes we made a bad decision on besides buying a non SFH, becuase of HOAs, but also the industrial development going on. I do see homes selling higher and higher but is it worth holding onto for years to come? We currently do house hacking and its been a good experience for us so far :)

We plan to have kids 5 years from now and maybe sell it to buy a better home in a better area or we might hold onto it for renting purposes. It's a beautifully renovated home when we bought it, but at the time we weren't investor savy and couldn't afford a home over 500k and we work in Redondo Beach. Do you think overall investing here in the 90502 zip code is a good idea?

Post: 1st Investment Property

Shoshanna DouglasPosted
  • Posts 16
  • Votes 4
Originally posted by @Stone Saathoff:

I sold a house that was very close to move-in ready for 125K in San Antonio last week. B class area, it was the Ventura sub in the North East. We definitely have opportunities like that here. San Antonio isn't known for flooding, that is basically a non-issue. Although maybe that's just me since I'm from Houston where we have devastating floods every other year it seems like..

I noticed you said BRRRR properties but also move-in ready, generally BRRRR involves doing a significant amount of rehab. If you'd like to discuss San Antonio further I'm happy to answer your questions.

 Hi Stone! I'd love to discuss and get in touch!

Post: 1st Investment Property

Shoshanna DouglasPosted
  • Posts 16
  • Votes 4
Originally posted by @Alexander Gutierrez:

@Shoshanna Douglas

Have you ever looked in Nevada? It is a lot closer to you which is something to consider when investing out of state. ALWAYS, look at a property in person before buying - pictures can be deceiving!

I have been able to find properties with the 1% rule in Nevada, many people are leaving the big cities to move into smaller cities and live cheaper and more comfortable. Reach out if You are interested in knowing more about Nevada rentals!

Happy to help

-Alex

 Hi Alex,

I haven't really just because I only really know of Vegas there and the market is very wishy washy there. Although I do notice Henderson and Summerlin are exploding in home buying. I guess my concern was I saw many homes that weren't being rented quickly and the appreciation hasn't been good.

Post: 1st Investment Property

Shoshanna DouglasPosted
  • Posts 16
  • Votes 4

Good to know thank you everyone. 

Hi Christina,

I'm in the same boat as you were 3 years ago when you created this post. How has your journey been?

Looking NW areas they are now usually above 200k );

Post: 1st Investment Property

Shoshanna DouglasPosted
  • Posts 16
  • Votes 4

Hi I live in Los Angeles, so I'm looking to invest out of state. I want to get an investment property in either Indiana or Texas. Indiana has seemed to blow up in the class a and b properties with about 200k. How is San Antonio? I've been trying to find the property tax laws for iut of state investors and such. What areas can I target for under 150k thats move in ready. I would love to do brrrr method but I don't have the cash. If anyone can give pointers, advice and best areas to get the 1% rule, decent cap rate and decent cash on cash return. I'm mainly worried about texas having flood zones. I've also never been to Texas or Indiana. Also do people who rent there prefer 3 bedroom 1 bath SFH more than 1k of living space?