Hello from sunny SoCal!

Hello from sunny SoCal!

Real Estate Investor · Medford, OR · Member since 2014 · 13 posts · 2 votes

Good evening everyone! 

I'm super excited to have stumbled upon this website. I've been lurking for about a week, reading threads and then finally created an account the other day and it only took another day to decide to have a paid membership as the value I've gotten already has been enormous. 

A little about me - I'm a newbie! But rehabbing runs in my blood. My parents got divorced shortly after I was born but both of them rehabbed for the first 20 years of my life. To be honest I think they worked too hard and could have developed systems to be real estate investors, rather than just house flippers. 

That being said I've started trying to learn as much information as I can about this business. I'm blessed in that I'm good at systems and have developed a system for my everyday job that allows me to work from home and focus energy into other things and passions, such as real estate. Unfortunately, I have a ton to learn about REI and am interested in finding mentors to make that much easier. I'm amazed at the amount of people here on BP that freely give such great and informed responses. Thank you!!

If anyone is interested in working with me in the Southern California area, please let me know! I'm not talking a JV or partnership, I'm looking for a mentor and someone who is looking for that kind of relationship. I understand knowledge isn't free so I'm willing to pay for my education, I just would prefer to do it with someone in the field that is doing this every day!

Anyways, thank you for reading and I can't wait to get back into reading more information. I have a personal goal to have completed my first deal by Dec 31st of this year and I want to know as much as I can going in. Big shout-out to the creators of this website! As well, @J Scott - Thank you for the very helpful documents.

Carey Cahill

Golden Bay Holdings, LLC

Reseda, CA 91335

1Reply
5 views

5 Replies

Jump to latestLatest
  • Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    12y

    Welcome! Fellow sunny SoCal-er, in Venice.

    I don't do rehabs or anything local out here, but definitely hit up Aaron Mazzrillo (couldn't get the @ mention thing to work to link to him on here). He's the one I see the most on here who does what it sounds you are interested in out here. He does a lot of wholesaling but seems to know the ropes and can probably help.

  • Real Estate Investor · Medford, OR · Member since 2014 · 13 posts · 2 votes
    12y

    @Ali Boone Thank you for the tip! Venice is beautiful, I'm stuck up in the valley where it gets super hot! Then again, the properties are quite a bit more affordable up here :) I used to live down in Hermosa but had a lot of friends and family in the valley so relocated up here.

    Thanks for the tip to look up Aaron, I'll definitely do that soon. I'm looking at other areas for buy & hold stuff for sure, as it doesn't make a lot of sense in most of the areas here. I'd love to do fix and flip here around Reseda though as my partner is a contractor so that helps getting accurate rehab costs and scopes of work from the guy who's going to do it. Want to keep that stuff in house for the first few and then hopefully get people on the ground in other areas in the US where it's a better market.

  • Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    12y

    Sounds like a good plan!

    And yes, the valley gets quite hot :) I can beat it though.... I used to work in Palmdale and live up there. Blllleeccchhh.

    Good luck!

  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    12y

    @Carey Cahill 

    Welcome. Time to build the foundation below.

    Check out the Start Here page http://www.biggerpockets.com/starthere

    Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

    Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 70 past ones to catch up on.

    Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

    Consider checking out HUD homes for small multi's owner occupied gets first crack.

    You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

    Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

    http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

    Good luck

    Paul

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    12y

    Hey @Carey Cahill welcome to BiggerPockets! It is great to have you and please feel free to jump in the community - there are certainly great people around here!

    And oh, learn how to use BiggerPockets to grow your business by checking this quick guide: http://www.biggerpockets.com/biz


    See you around!

    BiggerPockets
Join the conversationCreate a free account to reply, vote on answers and follow this thread.