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re: Anyone ever lived in/very familiar with Los Angeles?
Posted on 2/18/18 at 6:25 pm to lsusportsman2
Posted on 2/18/18 at 6:25 pm to lsusportsman2
I was coming from LaJolla to LA on Thursday morning. Left hotel at 6:45 and got to LA (Santa Monica) at 10:15.
LaJolla to Orange County. 1 hour
Orange County to Santa Monica. 2.5 hours (60 miles)
frick that shithole.
LaJolla to Orange County. 1 hour
Orange County to Santa Monica. 2.5 hours (60 miles)
frick that shithole.
2
Posted on 2/18/18 at 6:27 pm to Tigerfan56
quote:
But I wasn't sure if there were some areas outside of LA that would be worth looking into that might be more affordable (even though traffic would be a nightmare)
There is nowhere in LA County that will fit that budget. Depending on your rental budget, you may find some decent places to rent near work.
You can find decent rentals in the Glendale/Pasadena area, but you will be spending several hours each day in traffic.
Posted on 2/18/18 at 6:28 pm to Mr. Blutarski
Yeah not worth it. Hope op enjoys Cali but I could never live there unless I had at least mid six figure salary.
Posted on 2/18/18 at 6:29 pm to nugget
quote:
Not what I said or what I meant. I figured the word eventually would give that away. However, I'd rater retire at 60 in a Houston suburb than 75 in Santa Monica
Nahh, it really is what you meant. You're just a simpleton that would rather guarantees over the unexpected. I wish you move away from Houston, too many of you shitheads come here to live an easy life.
Posted on 2/18/18 at 6:29 pm to redstick13
quote:
Be prepared to spend half your life in traffic.
Yeah, only Atlanta can compare.
Posted on 2/18/18 at 6:29 pm to LasVegasTiger
quote:
I have a friend that lives in The Redlands (Ontario area) and rents a 1 bedroom for $1800 a month and drives to downtown L.A. for work. I don't know how he does it.
That is a miserable commute. I’d rather just not move out there.
Posted on 2/18/18 at 6:29 pm to MWP
Cost of living is higher but so are the wages. All proportional.
Posted on 2/18/18 at 6:33 pm to GeorgeTheGreek
quote:
Cost of living is higher but so are the wages. All proportional.
No doubt.
It's better to refine your skills in a smaller market...then see what Cali offers. It really is. I'm in the hunt currently. Every offer I've received for the same job currently in Houston has been 2x what I'm making currently.
Posted on 2/18/18 at 6:34 pm to SamuelClemens
quote:
Find a small bungalow around Santa Monica for $400k and you will be happy
And while you are at it just buy a unicorn to ride to and from work. The unicorn might be easier to find.
Posted on 2/18/18 at 6:34 pm to Tigerfan56
Inland Empire and commute daily, unless you want to live in the hood.
Murietta and Temecula are really nice areas
Murietta and Temecula are really nice areas
Posted on 2/18/18 at 6:35 pm to GeorgeTheGreek
quote:
ost of living is higher but so are the wages. All proportional.
It's not proportionate imo. There's a lot of relatively low paying jobs out here. Even the higher salries for professional positions do not entirety offset the cost if living and taxes.
Posted on 2/18/18 at 6:38 pm to ThatMakesSense
quote:
Nahh, it really is what you meant. You're just a simpleton that would rather guarantees over the unexpected. I wish you move away from Houston, too many of you shitheads come here to live an easy life.
I'm a simpleton yet you jump to conclusions based on 2 sentences? I wanted to invest in real estate as my retirement and start at a young age. I'm able to do that here and literally would never have that opportunity in Socal.
Posted on 2/18/18 at 6:50 pm to nugget
quote:
I'm a simpleton yet you jump to conclusions based on 2 sentences? I wanted to invest in real estate as my retirement and start at a young age. I'm able to do that here and literally would never have that opportunity in Socal.
You have every opportunity to invest in real estate, no matter where you live. You view it as a bad thing to start small, and end large. You want all the futures without risk. I adhere to my previous statement, simpleton.
Posted on 2/18/18 at 6:57 pm to ThatMakesSense
quote:
You have every opportunity to invest in real estate, no matter where you live. You view it as a bad thing to start small, and end large. You want all the futures without risk. I adhere to my previous statement, simpleton.
You are correct, I do find it bad to start small in real estate investing. Single family properties aren't what I want to invest in. I take it you're so angry because you're not very intelligent. You come across as a substantially limited individual.
Posted on 2/18/18 at 6:59 pm to nugget
Well, considering capital restrictions, it often makes sense to start small. It is easier to get lending to purchase a $150k property in BR than it is to purchase a similar $600k home in L.A. By starting small in a market with a lower cost to entry, one can acquire the capital necessary to break into a more expensive market where the margins are higher, but the initial investment can be cost prohibitive.
We don't all wake up with $1 million in capital ready to invest in multifamily or commercial rental space. You can't start climbing the socio-economic latter unless there's a rung you can physically reach.
We don't all wake up with $1 million in capital ready to invest in multifamily or commercial rental space. You can't start climbing the socio-economic latter unless there's a rung you can physically reach.
This post was edited on 2/18/18 at 7:07 pm
Posted on 2/18/18 at 7:04 pm to nugget
quote:
You are correct, I do find it bad to start small in real estate investing. Single family properties aren't what I want to invest in. I take it you're so angry because you're not very intelligent. You come across as a substantially limited individual.
LOL. I'm sure your investment into a 4 unit in the Heights will garner you more than the same in LA by the age of 60.
You're a typical, non risk taker. It's ok. You'll always be middle class, but in Houston.
Posted on 2/18/18 at 7:05 pm to kingbob
That's why I would never invest in LA. And I'm not talking about 300 door properties, just anything that would be considered multifamily. 2-4 are what I prefer. The cost of entry isn't that bad there.
Posted on 2/18/18 at 7:08 pm to kingbob
quote:
is easier to get lending to purchase a $150k property in BR than it is to purchase a similar $600k home in L.A.
I wouldn't put $150 into BR. I get you're going for an example.
But still.
Posted on 2/18/18 at 7:08 pm to ThatMakesSense
quote:
LOL. I'm sure your investment into a 4 unit in the Heights will garner you more than the same in LA by the age of 60. You're a typical, non risk taker. It's ok. You'll always be middle class, but in Houston.
I moved straight to Los Angeles out of college in Louisiana. Im sure you're proud of the risk you've taken to make 40k per year.
Posted on 2/18/18 at 7:11 pm to nugget
quote:
That's why I would never invest in LA. And I'm not talking about 300 door properties, just anything that would be considered multifamily. 2-4 are what I prefer. The cost of entry isn't that bad there.
Dude, even crack dens in L.A. go for at least half a million dollars.
In Baton Rouge, I can purchase a 4 bedroom house to rent for $1800 month for $160k in a decent neighborhood. Or, I can take that dated house, sink $20k into it, and flip it for $200k for a cool $20k in profit. I can use that to gradually work my way up to larger and larger properties. I have friends that have dozens of rental properties: residential single family, duplexes, and commercial space.
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