How do I get started - LA California ?

Question

Hello my name is Brandon Youabian I am Newton bigger pockets. I am interested to learn how to find my first property. For fix and flip. Los Angeles is a very high price for single-family homes. I have about 20k and my credit is good

Hi do you even start with finding a good partner?

Or even a good source to finding a good deal ?

Hi do you even start with finding a good partner?

Or even a good source to finding a good deal ?

Brandon Youabian · Answer

@Jonathan Taylor thank you very much I will look into them. My goal on real estate investing is to be financially independent and not have to worry very much. I know it’s kinda of a cliche but that’s my goal. I’m trying to supplement my income and if I can find a partner who has knowledge and is willing to help me out then even better. I have a background in graphic design and making signs and banners but it’s not going to really help me with a fix and flip. I’m working a full time job and I’m still learning and I will keep asking questions. Thank you for your comment.

Jonathan Taylor · Answer

@Brandon Youabian Welcome to BP. What is your goal in REI? 20k wont buy you much in this market to be honest. You can try to do home path/home possible with low down payment programs but you will be competing with the seasoned flippers/buyers in CA.

Try NACA.com as I closed my first property with them but to get a footing you would need closer to 50k to make a dent on a purchase.

Keep reading and learning, keep saving and asking questions. You'll get there.

Brandon Youabian · Answer

@Marlen Weber thank you for replying back to me. I’m new to learning about real estate investing I haven’t thought about outside California area because I don’t have all the resources to help me with real estate investment.

Marlen Weber · Answer

Hi @Brandon Youabian. Welcome to BiggerPockets. Have you considered out-of-state investing? There are tons of opportunities in other markets that make it easier for you to begin your REI career.