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Updated about 11 years ago on . Most recent reply

User Stats

134
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Eldar M.
  • Contractor
  • Los Angeles, CA
32
Votes |
134
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Best real estate investing field for beginners

Eldar M.
  • Contractor
  • Los Angeles, CA
Posted
Hey, I was wandering, what is the best real estate investing field for beginners in Los Angeles ? Flipping or whole selling ? What kind of property is ideal for beginners with a full time job ? I have been listening to many bigger pockets pod cast guests, and getting tons of great ideas, but still feel kind of lost with so much information.
  • Eldar M.
  • Most Popular Reply

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    Paul Timmins#2 New Member Introductions Contributor
    • Specialist
    • Rockland, MA
    2,248
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    Paul Timmins#2 New Member Introductions Contributor
    • Specialist
    • Rockland, MA
    Replied

    @Eldar M.

    Welcome. Don't get overwhelmed explore both look at what you are comfortable. Build your foundation below.

    Check out the Start Here page http://www.biggerpockets.com/starthere

    Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

    Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

    Consider checking out HUD homes for small multi's owner occupied gets first crack.

    You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

    Good luck

    Paul

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