Getting started in LA market....or not

[Jelson Yalung]

Hello all,

I am looking to get started in investing in real estate and currently live in Los Angeles.  I'm really interested in rehabbing and flipping but am limited with time due to my job. I also feel like I am priced out of the tough LA market with not a ton of cash saved yet. I've heard the rental market in Los Angeles is tough with rents not justifying the high prices. Any advice for a new guy getting started in a tough and competitive market. Is it wise to start out investing in other markets?

[Victoria Winters]

@Jelson Yalung Welcome to BP!  It is great that you joined and posted your thoughts about getting started in the Los Angeles area. 

"Is it wise to start investing in other areas?"  Good question.  It is wise to start investing in a location that you are most familiar.  Make a decision about the type of real estate you want to make as your first investment, and decide on a plan of action.  Then, take action on your plan. 

With full time employment and other tasks at hand, it is especially important to clearly know what you want to accomplish with your investment business.  There are opportunities everywhere, and that includes your immediate area.  Adopting a "learn as you go" approach will help you to begin and continue toward your goal uninterrupted.  

I certainly wish you good fortune as you begin to explore your options.  By the way, real estate investing is also fun!