Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago, 09/03/2020

Account Closed
  • New to Real Estate
  • Los Angeles, CA
4
Votes |
5
Posts

Advice for CA college student starting out with $50,000?

Account Closed
  • New to Real Estate
  • Los Angeles, CA
Posted

Hello, my name is Brandon Beardt and I am relatively new to the Bigger Pockets group. I am a 21-year-old college student beginning my final year at California State University, Northridge. I plan on graduating next spring with a degree in Real Estate. After reading books by David Greene, Brandon Turner, and Scott Trench, I realized that real estate can provide a tremendous amount of financial freedom to whoever is willing to put in the work for it. I am fully invested in the stock market at the moment but want to pull it out and start investing in real estate. If pulled out, I would have about $50,000-$60,000 to work with. I have an interest in buying, fixing up, and holding SFH and multiplexes for cash flow, but Los Angeles prices seem too high for me starting out. I understand that out of state investing may be harder for someone first starting out, but perhaps it's one of my better options? I guess what I am asking is, what would you do in my situation? Any advice would be great as this is my first forum post. Thank you to everyone who replies!

Loading replies...