Investing in LA Real Estate

While the real estate industry has grown tremendously over the past 10 years, it remains one of the greatest marketplaces for savvy investors to build wealth. A few years ago my husband and I were looking for an investment opportunity.  On one of our trips to Los Angeles (we were living in New York at the time,) we visited friends in Downtown’s Arts District and were immediately impressed by this budding downtown neighborhood of gorgeous old warehouse buildings. It felt like SOHO 20 years ago, a neighborhood that has did very well for anyone who invested in real estate at that time. So I got to work on studying the area and getting to know everything I could about it. Shortly thereafter we purchased one of the best investments we’ve ever made, a One Bedroom loft at Barker Block. One year later we moved to LA full time and have since enjoyed watching the tremendous amount of growth taking place in the Downtown area.

Our city officials and community leaders are being smart about everything that is being developed downtown, including new Metro stations, schools, parks and open-air shopping malls. The new crop of drinking and diningestablishments is world class.  Many innovative tech companies are moving their headquarters to the area, including Elon Musk’s Hyperloop and vacancy rates for rentals hover around 3% --all music to my investor ears.

So here is what I have learned about investing in real estate.

1.     Pick a neighborhood

2.     Find a knowledgeable real estate agent to help you in your search

3.     Start small and put down at least 30% (this will keep your monthly mortgage payment low and allow your rental income to cover it or possibly net you a profit each month.)

4.     Know when to sell and trade up to a bigger place (again use a knowledgeable real estate agent for advice and help with this.)

With the help of a good real estate agent, investing in real estate can be fun and profitable.  Call me today to discuss how you can get started on your first purchase.