California Apartments? NEWBIE

[Cody Evans]

Hi all, 

I am a young man with his first 50k annual job stating next year. In the meantime I am trying to get educated on real estate apartments which is what I plan on investing in. I am reading books and have learned many valuation measures such as IRR and its mods, cap rates relating to value and NOI. I understand discounted cash flow. Ive spent months learning every day and all weekend and am the real deal. The issue I got to thinking of when doing case studies is that all the apartments were only 700k but when I have briefly looked on Loopnet for Northern California all I see is multimillion dollar apartment options! I want to invest by the time I am 25(I am 22) and get this off the ground for real. Are apartments realistic for starting out in Northern California? What are my realistic options and how is the market like in Nor Cal?

Thank you so much to people that reply and I apologize if I have a forum faux pas; this is my first post.

[Tahnya Pierce]

Hello gentlemen,

I currently have in my pipe line 11 different smaller unit complexes in LA, Inglewood, Sana Monica, Hollywood and San Pedro.  LA- 4 plex- 785K + finders fee.  There are off market deals out there, it's about connecting with the right people who are focused on helping you grow your business, with honesty and ethics. Larger units as well but I can definitely provide some small options as well.