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Updated almost 10 years ago on . Most recent reply
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Newbie from Los Angeles, Ca
Hey all,
My name is Max Miller and I work in digital media. I've been meaning to get involved in real estate investing for some time now, but just never pulled the trigger. I'm particularly interested in trust deed investing, but am open to whatever might be right for my current financial situation.
I'm as much of a beginner as beginners get, so any advice as I prepare for this journey would be much appreciated. Looking forward to learning as much as I can from all of you.
Most Popular Reply
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Welcome to BP Max! If you are willing to drive I'd suggest investing outside of the L.A. area since everything is mega expensive compared to other cities in your state.
Now brace yourself.
If I were you I'd start looking for houses that cost no more that 60k...I know that's saying something when an cheap house in LA cost 300k. I say this because you lower your risk financially but also have higher returns.. A great person to check out is Lisa Phillips she has great tips on finding good houses , you also have podcasts by members like Al Williamson and Dawn Anastasi. I live in Wisconsin where finding houses under 50k is a dime a dozen.
Speaking of Podcasts... Start listening to them immediately! I learned so much just by checking them out.
Good luck man.