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Updated over 1 year ago on . Most recent reply

User Stats

115
Posts
66
Votes
Wilson Lau
  • Real Estate Agent
  • San Jose, CA
66
Votes |
115
Posts

Hi from California! Looking for investment opportunities as a new investor.

Wilson Lau
  • Real Estate Agent
  • San Jose, CA
Posted

Hello everyone, I am a practicing pharmacist/ pharmacy owner from San Jose, California. I recently stumbled upon BIggerPockets and am now obsessed about REI. I have zero experience in real estate investing, but I am interested in the Cincinnati and Columbus markets, as they seem to be more investor friendly than San Jose (where a beat-up house can still bid for 1MM+). I am interested in MTRs and fix n flip and would love to connect with local investors, realtors, contractors, or anyone simply interested in real estate investing. Cheers!

  • Wilson Lau
  • Most Popular Reply

    User Stats

    5,045
    Posts
    4,010
    Votes
    Nicholas L.
    #3 Market Trends & Data Contributor
    • Flipper/Rehabber
    • Pittsburgh
    4,010
    Votes |
    5,045
    Posts
    Nicholas L.
    #3 Market Trends & Data Contributor
    • Flipper/Rehabber
    • Pittsburgh
    Replied

    @Wilson Lau

    Contrarian advice - pick a local market you can drive to and go all-in on it.

    Every new California investor on BP that says "my market is too expensive" gets told to invest in Ohio.  And to be clear, that is totally possible and a great strategy.  But I just don't see that they're willing to put in the time and effort that it would take to actually build wealth, rather than just buying a property for the sake of buying a property.  They want to push Internet button get $500 per unit in cashflow.  And that is just not happening right now.

    Remote fix and flip is just a tough strategy.

  • Nicholas L.
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