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Updated about 9 years ago on . Most recent reply
New Potential Investor in Pasadena CA
Hello,
I am a newbie here and find a lot of useful information on this website. I live in Pasadena area in California and it seems that starting out in this immediate market is not the best idea for a new investor. I would imagine it being a bit more profitable and faster to make money on rehabs or flips in the surrounding areas. I have somewhat limited experience in home construction, as very recently I built a home for a personal use. So I have a real expectation of doubling the price and time that the contractor promises to deliver :)
Can anyone share their experiences on starting out in real estate investing in this area? Would appreciate any advice I can get from the community as well as make any new connections.
Most Popular Reply
Welcome!!
There's a great property on the market in Pasadena for $450,000 mixed use with $3,000 current rent. Needs work though. There are deals out there just gotta think outside the box.
MJ