Hi Everyone,I bought a condo on the beach in LA in 2009 for $545k, have since put in about $10k in renovations, and have the opportunity to sell it now for about $675k (after having lived in it for almost four years).

Thanks @Mike Easton, @Roberto Gutierrez and @Christian Laines for your messages. 

One thing is for sure, start hands on in your own backyard, wherever that backyard may be.In LA in 2015, what seems to be working includes flipping, wholesaling, and RE services (e.g.

I did a good part of my growing up in the San Fernando Valley - Woodland Hills and No Hollywood, and still have lots of family in LA.  

Welcome to BP, @Jerry Laine! 

It's also hard to call if RE prices will fall - but I feel comfortable saying with a pretty high degree of certainty that RE appreciation will at least decelerate in CA, the Bay Area, (and LA!)

@Laine Furukawa  if this is going to trustee sale. you will have to have cash there in form of cashiers cheque.. then once you get your trustee's deed you can do your refinance.

I'm hoping to accomplish it in LA in the next year but wow... such a hard endeavor.

@lain StuartWelcome to the BP community.

@Laine Fury- Interesting!