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Updated over 1 year ago, 04/11/2023
How to Start in SoCal?
I'm new to all of this, but am so very willing to learn.
I have vision... at the moment I've two specific properties near me (Pasadena) that I'm interested in investing in (one or the other) to develop/build new homes (7 houses or 10 condos) and then sell. However, I'd have to partner with other investors (I'm on the "Poor Dad" circumstance of the spectrum with a growth "Rich Dad" mindset for the moment) in order to make it happen (the goal being to use funds from this first experience to put towards next property... to be rental... and continue in creating a portfolio).
My question to those of you who may have started in similar circumstance (no money, seeing great potential with a zillow opportunity with land for sale for residential development nearby, etc.). how do take the next step? Literally. How do you find investors that would be willing to go in on such a deal with you? And I mean the plural... investors... because SoCal area is a bit pricey. Yet, great opportunity brings about more great opportunity. So what did you do? How do you find worthy investors that see the potential, too? How do you contact them? How do you connect with them?
[am open to learn, am open to be mentored]