[Zeke]

I think the days or using equity in a current home to expand are lost to more scrutiny by the banks. Better look into this first. I just had this conversation. The banks are now more prone to equate borrowing money against an existing property and using is as a down payment on another property tantamount to putting the down on a CC.

If you have cash, you can do this easily. And I agree with you that this is the time. More property is held as rental in L.A. City than owned by the resident. The landlords go through highs and lows, problems with tenants and more. But, they seem to come out on top in the long run.

In a lot of cases, way on top.