Rapid appreciation is clearly happening in south LA (I told my dad countless times over the past few years to buy something in Inglewood).

Meetup is on the 25th in Rob Quay.

@Ray Lai  Yeah, I was doing it all myself - which I definitely would like to outsource. 

I'd also stress test with a similar (or more) drop in cashflow.Pundits have said for years that LA is done, finished, down and out.

I definitely am seeing the hardships of looking around neighboring areas to LA.

(LA is #5, Bay Area #7).  

And it certainly is possible in LA.  

Originally posted by @Dan Heuschele:I quoted average appreciation and average rent increase for LA.  

I’m a 21-year-old broker also based out of California.Definitely look into using a FHA loan to purchase 2-4 units (the more the better).LA is very difficult to get into as a first time investor - it’s very hard to make the numbers work especially with the new rent control regulations.If you’re considering a project out of state, I might suggest purchasing a value-add property that you and your buddy could live in for some time as you improve the other unit(s).

@Robyn Joy Hi Robyn,LA is here!