Motivated Newbie looking to build passive income

[Josh Wallace]

Hello BP World!

I have been on BP for less than one week now and I love it.  I get lost in multiple posts and podcast, all of which just adds to my excitement and interest to get started.

I currently reside in Los Angeles, CA but realize that it takes a lot to get going in this market.  While I hunt for the right deals locally, I am interested in starting in other promising areas as well.  I have an interest in Austin as well as other cities in TX as well as the greater Phoenix, AZ area.

I would love to not only learn from others here but would also like to offer any help that I am able to do.  This is a new industry for me so I don't want to ask others for assistance without being willing to do the same in return.  I look forward to seeing what people have to say.

Take care and good luck!

Josh W.

[Cassie Sherie]

@Josh Wallace if you're looking to do "creative financing" anyway why not get creative and do multifamily from the start? I'm new to bigger pockets and investing also...but from what I've learned so far it is less risky to do at least a 4 plex or bigger if the numbers are right....cause you will have rents from other tenants coming in if someone moves out or doesn't pay...verses SFR where you are relying on just one tenant for the entire mortgage etc. Once you get in to the 100+ unit apartment complexes it costs less overall for closing costs, inspections, lawn maintenance, manage....on and on. and the NOI/ passive income is obviously way better.