Just finished reading Rich Dad Poor Dad and I'm inspired to start

[Alejandro Ochoa]

Hello everyone my name is Alejandro Ochoa an I'm very new to this forum and the world of real estate. I just finished listening to Rich Dad Poor Dad and am currently listening to The ABCs of Real Estate Investing and I gotta say I've been inspired. I don't have much money to begin with but I know this is one of the best places to ask questions. I live in San Diego, I'm 29yo and maybe have around $7000 in total in my bank which I doubt will get me started at all. My goals are to invest in single family and multi family and rent them out to have a fair amount of cash flow coming in each month. If anyone in San Diego county can give some beginners tips as to how to get started I'd appreciate it.

Some specific questions I have would be

1. What would you recommend for a beginner like me?

2. Are there any Real Estate Invesing groups most notably in the Southern County that you would recommend?

[Donald E Appleberry]

@Alejandro Ochoa

Hey man,

So two things. First, I'm holding a real estate meet up in downtown March 7th I can give you the details on. It's for "From Military To Millionaire" so a lot of VA investors, but we have a nice crowd of other investors as well. Feel free to come by!

Secondly, I just want you to understand the expectations you should have when getting into SD real estate. If your goal is pocketing cashflow each month while building your portfolio here you’re going to be disappointed. It’s very hard to find something that cashflows in this market. It’s a different kind of play here and can pay off HUGE down the road, but up front you’re looking at either house hacking to keep your payment low or carrying some out of pocket expense for a few years while your property value increases. This isn’t always the case. Value add properties and the mystical unicorn have been know to pop up here and there, but the competition here is high so just starting out I’d suggest the first option.

I don’t want to discourage you and I’m glad you’re exploring your options! But be aware of the type of strategy you’ll need to use. Look into Chula Vista! It’s going to be a great place to invest.

All the Best,

Donald Appleberry