New Member, Investor in Los Angeles, California.

[Evan Copage]

My name is Evan Copage and I live in Los Angeles, California. I'm currently a novice in REI although I have been learning a ton from the bp podcast and these forums. I was a licensed salesperson in NYC although my position was purely renting apartments. I'm now looking to invest with my grandfather who used to be a real estate professional in his younger days and still maintains his Real Estate Broker's License in good standing - for any listing agents with good leads out there.

We are in search of small multi unit (2-4 unit) properties in the Los Angeles area, particularly in the Glendale and Burbank areas. This will be my first property so we will be utilizing an fha loan for financing. I'll also be an owner occupant.

We are highly motivated to finding properties to start submitting offers on and are well aware of and open to outside of the box approaches such as probates or tax sales for aqcuiring properties. We're searching for leads and/or an REI friendly agent savvy enough to be able to help locate properties that allow us to start to building my small multifamily investment portfolio.

I am a commercial actor as well as a stunt performer and my grandfather is retired and we have the ability to put this purchase at the top of our list of priorities.

Thank you

[Eric Dowling]

@Evan Copage  welcome to BP! Lots of great people here to help you, especially once you become a landlord.

House hacking with and FHA loan is a great way to get started. Just be aware that it is hard to be creative when using it.na lot of the creative ways you were talking about require cash.

Also be aware that FHA requires the property to be "self sufficient". That means 75% of the total rent (including the owner occupied unit) must cover the mortgage. There is also the FHA 203k program for a place that needs to be rehabbed. Great for a value add opportunity.