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Updated over 10 years ago on . Most recent reply

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Guillermo Barrantes
  • Homeowner
  • North Hills, CA
1
Votes |
4
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New member from Los Angeles!

Guillermo Barrantes
  • Homeowner
  • North Hills, CA
Posted

Hello BP! My name is Guillermo, I am 23 years old and am currently living in the San Fernando Valley. A few months ago I co-signed and FHA loan with my mom on our family's new home in the North Hills neighborhood. I guess that makes me a homeowner, but that pretty much sums up all the real estate experience I have! I don't feel like I learned much in the process. Still, I decided to take this the first step towards my dream of becoming a successful real estate tycoon investor. Then I discovered the Bigger Pockets podcast and became hooked, so here I am! As a self-employed student who will be starting at UCLA this fall, I am nervous about being able to afford my schooling as it is an important goal of mine. I have always loved the thought of buying and holding property for the long term and directing some cash flow towards my school but I have no idea if that's even viable in my situation. So, I am here to learn as much as possible, plan, and take some action. Thanks in advance for any advice. 

Most Popular Reply

User Stats

260
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240
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Tom Mole
  • Investor
  • Sunland, CA
240
Votes |
260
Posts
Tom Mole
  • Investor
  • Sunland, CA
Replied

@Guillermo Barrantes  Welcome to the BP community! Congrats on your first purchase and your ambition to expand your empire. 

Read the Ultimate Beginner's Guide to Real Estate Investing that @Tim Coppola  pointed you at. @Brandon Turner wrote this excellent work and graciously offers it for free to the community. What a guy!

I live really close to you. I could suggest a bunch of great REIA's near you where you could meet other investors and learn how to do what they do. Personally I'm a big believer of Cashflow clubs, particularly for newbies. If you're serious about wanting to get started, there hardly any more cost effective way to start your investing education. There are few Cashflow clubs in the valley. I hope to see soon at each of them!

Let me know if you would like any help getting started.

All the best.

  • Tom Mole
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