Greetings From Southern California - New Investor

[Kyle Weckesser]

My parents exposed me to residential real estate investment at an early age through their rental property retirement vehicle. I am well versed in the conservative investment strategy they have adopted which can be defined chiefly by investment in Class A Property, and finding Class A Tenants. The painfully slow pace in which they grew their portfolio has turned me off from investing to date despite my understanding the benefits of holding real estate. Recently a friend recommended I read “How to Turn $5,000 into $1,000,000 in Real Estate,” by William Nickerson and upon completing the first chapter, the veil of ignorance was lifted as I was enlightened with a different real estate investment strategy characterized by significant portfolio growth over what I deem a short period (10 years). I now realize that real estate investment comprises numerous strategies and believe that BP is the perfect space to learn, deploy, and capitalize on these strategies. I have professional real estate experience from working in homebuilding with both public and private homebuilders, but no personal investing experience.

I currently have $20,000 in cash and a $100,000 equity line and am looking use both to build a portfolio of 8+ properties in southern California that generate $8,000 per month in passive income (and then quit my day Job!!!!). The value of real estate in my market makes entry challenging, and I am currently looking at 4-plexes in a C- market (Hemet, Riverside County). If anyone knows southern California and would like to chat please reach out.