Eager to Learn

[Geo Tan]

Hello,

I am currently living in Los Angeles, CA. I am still in the infantile stages of real estate and was blessed with the chance to purchase a condo in Las Vegas a few years back. Real Estate investing was an intimidating concept to me so I left the most of the work from the property to professionals. I am currently in the process of selling this unit and will be looking to be more hands on in the next investment I purchase.

I currently reside in LA so was debating if I should start my real estate venture in LA or if I should start somewhere with a better market? I'm open to any information or even past experiences in terms of real estate investing in the LA area.

I am currently reading up on everything I can get my hands on in terms of real estate investing to better familiarize myself with the industry. Hopefully I'll be sharing with everyone here my first real estate investment goal here as soon as I get a better grasp of what is a reasonable goal and what is too far fetched. Still quite green to this world!

I was hoping to start with a duplex or triplex with the profits from selling my Vegas condo which was a cash offer around the end of February. I have moved forward with going with a 1031 and to use this opportunity to purchase a new property here in the LA area. I am just starting to research about LA and learning as I go on anything to look out for or keep an eye on. I'm also torn between residing in the next property I purchase or if I should rent and keep my investment property purely an investment and not reside in it. My lease is up end of February as well so I'm trying to get as much knowledge in, to make a wiser decision.

I apologize in advance if any of what I said was an incredibly dumb idea or if the decisions I'm leaning towards currently is the last thing everyone here would do. Hopefully I can learn from all of you and will be able to make the better decisions moving forward!

Excited to interact with everyone here and learn as much as I can.

Thanks in advance!