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Updated about 9 years ago on . Most recent reply

User Stats

7
Posts
6
Votes
Wei Li
  • Canoga Park, CA
6
Votes |
7
Posts

New member from Los Angeles

Wei Li
  • Canoga Park, CA
Posted

Hi BP! Just started learning about real estate investing and getting interested in it through listening to the BP podcast and reading. Still very new but interested in taking the plunge soon, as I'm planning on buying a family house this year, and the goal of purchasing at least one rental property the next. I firmly believe in being well-educated when making these large decisions.

I've lived in LA for the last 10 years and love it.  Grew up in the Columbus area and am interested in perhaps investing there in the future as well.  Really enjoy the weather and lifestyle (hate the traffic), and am a little apprehensive by the really high prices for houses in the area.  Play basketball for fun and consulting for a pharmaceutical company for work. My goal and reason for real estate investing is to be able to have passive income to support my family (have a 1 year old, and possibly more on the way) and be able to spend more time with them.  

Look forward to networking with others and learning and contributing in the future!

Most Popular Reply

User Stats

7
Posts
6
Votes
Wei Li
  • Canoga Park, CA
6
Votes |
7
Posts
Wei Li
  • Canoga Park, CA
Replied

Hi Eric!

I'm looking in the Valley, around the Woodland Hills area.  I've thought about house hacking, but haven't looked at the numbers yet; I imagine it should be much more profitable than a single home. However, having a family does make me a bit wary being that close to tenants; would love if others who have done it with a family have any experiences to share.

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