Where to start as a Southern Californian?

[Bessy Reyes]

Hi BP investors! 

I’m completely new to the real estate world. I’m fully aware that I will have to spend the next year (at least) educating myself. 
However, I am a wife and mother with a full time job. So I would like ideas on where to focus my attention. 
I was really interested in a short term rental and still am to a degree but due to saturation and increased regulations I am weary of going there. 
I’m also in a very expensive area (Orange County). This makes returns on long term rentals very minimal and short term rental arbitrage nearly impossible (very risky). 
I’m also looking to start with a $30k investment which doesn’t make many mortgages or loans for homes in this area possible. 
So my question is are many of you investigating in California? 
If so, what area? 
If no, what states have you seen developing into profitable markets? 
And what types of investments do you recommend for a beginner? 

Thanks for all the help! 

Karina 

[Joe Homs]

@Bessy Reyes  I have been investing in California for over 40 years.  Since California goes in cycles I would start out with educating yourself on these cycles so you better understand the local market.  Continue that education about Real Estate in general that you can really use anywhere.  There are different issues in all states and if you do decide to invest out of state make sure you know the rules before you jump feet first.

Currently most of us are flipping homes, but that is also becoming a tight market.  Forbearance is ending in December, so look for some opportunities after then.  Prepare for what is coming by educating yourself on distressed property sales, short sales, creative financing, and other tools to purchase homes.

Good Investing...