Kaye Thomas/ Real Estate West

Hi macy,
I would contact Lynda Eisenmann.. she has lived in the area for many years and knows it well.. Check out her blog in the link below.. I think you will learn a lot about the area.. - Mon Jul 7 2008, 15:33

There are investors who are trying to "flip" immediately most sav vy investors are using this time to stockpile property in good areas for the future. The smart investors know that there are bargains to be had now and the rental market is good in your more desirable areas. Interest rates are still low but will be going up in the future so investors are taking advantage of low rates for 5-7 year holding periods. They will then go in and rehab the properties and put them on the market a few at a time.

However.. these are people with the financial resources to back them in case they need to wait for a period of time. If you do not have the financial backing to hold properties for at least 5 years I would not recommend trying this avenue of real estate investment. Successful flipping takes financial backing. If you are trying to do it on a shoestring budget you will probably be in trouble. - Tue Jun 10 2008, 08:47

Culver City is nice and they have their own school district.. you might also consider the South Bay. and the Beach Cities.. The commute is short and most cities have their own school districts which rate very high on the school rankings list - Mon Jun 9 2008, 10:53

Mona,
The best foreclosure agent I know is Leo Nordine..and he is a good guy.. He has properties all over. However foreclosures are not always the bargain they may appear to be. You might want to check out the link below as it discusses buying foreclosures. - Mon Jun 9 2008, 10:47

Rachel,
It's LA ..so always go for top floor and view.. BTW..there are some fabulous floor coverings that can pizazz to a unit. - Mon Jun 9 2008, 10:43