Starting out in real estate world!

[Pei Lin]

Hello everyone!

My name is Pei and I am interested in investing in real estate. I am still a senior in college and my dad wants me to invest in real estate. My dad has a lot of properties in Taiwan, so he wants to sell some and invest in California. He wants me to look into properties in Southern California, LA and OC area, and look for rental property.

So my strategy is this: I would buy foreclosure homes, buy them at auctions so I can get a good deal. Then turn those properties into rental units. Do you guys think is a good strategy? And can someone recommend me a good real estate agent from LA or OC area?

Thanks for your time,

Pei Lin

[Steven Foster Wilson]

@Pei Lin great strategy. Its nice that you'll have your father as partner both monetarily and experientially! I too am a senior in college and am currently investing in Columbus OH rental properties. Buying foreclosures can be a good strategy, however at the current moment I believe all foreclosures have been postponed (at least here in ohio they have been) until the COVID 19 pandemic starts to clear.