Disclosure: I started RE school in Ky but learned we will be moving back to La in a few months (where the paid off house is) my only reason for getting licensed was for MLS listings, avoiding commissions and the freedom to look at potential investments without wearing an agent out.Looking forward to learning and growing my portfolioThanks!

Mahalo, Laine

Quote from @Nicholas Brackett: Thanks Patrick,I'm in California but plan on flying out to LA in the next month or two to network and check out some homes. 

(Including the guy with the blowtorch neighbors detained who wasn’t charged with arson but instead jailed on a “separate parole violation”.)Read two statistics today that seem insane. 267,000 cases of arson in 2023 nationwide. 13,900 fires in JUST LA in 2023.

What about in LA in general?

LA in 2024 had a minimum wage of $19.33 an hour. 52 weeks at 40 hours a week grosses you $3,350 a month.

I had purchased a duplex in the city of LA in 2020 that I will turn into a triplex with the addition of an ADU--this was a great buy and I will keep it long-term, but moving forward will be looking to invest out of state in Texas or Atlanta.

We're ramping up to offer seller financing in BR this year, and we buy seller finance notes in LA in some circumstances.

Here's the sitch:I purchased a duplex in LA in 2020 with a sub-3% interest rate.

I will be back to LA in December, and looking to pick up another rental property...looking for 8 units or larger.Your story is inspiring and motivating!