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Updated over 13 years ago on . Most recent reply
Trying to get started
Hello, My name is Kevin Breazeale and I stumbled on to this site searching for real estate information. I live in northern california (Fremont, CA) to be exact. I would like to start a career in real estate as an investor. I understand there is so much to learn and understand. I have done some research on a few areas like short sales and bird dogging. My question is this? Do you think California is a good place to get started in real estate investing based on the economy and how it has really taken a toll on foreclosures and the loss of jobs?
I read a lot of information on deals being made in other parts of the country and how people are really benefiting but does that hold true for California? I am just trying to figure out the best way to get started because I know real estate can make you very wealthy. I don't have a lot of cash just laying around to go out and purchase property so I want to find another way to get started buy either trying lease options, short sales or bird dogging. Any feed back is respected and appreciated.
Most Popular Reply
I hate saying it, but it all depends. California could be a great place, depending on what you are going for in the area.
I personally only do multi-units, and I don't think that California would be the best place. In cities like LA, I feel that there are larger corporations that can find the deals faster than I would be able to. However, here in Milwaukee, the city is big enough that there is a very strong rental market, but small enough that there isn't a large presence for a company that might swallow everything up before I could find it.
Honestly, you can make money wherever you go. It's about figuring out an area, finding your niche, and making good on the deals that you find. It takes some time to get to know your neighborhoods and your goals, but it is completely doable.
If you put in the time and effort, you can do well for yourself. You can find good properties, appreciating areas, and so on. You just have to be willing to put in the time and effort.