Hello BP and like minded investors (I am in SoCal)

[Account Closed]

This is Paula and I am so excited to start my first post and REI journey on BP! I live and work in SoCal (Silicon Beach specifically), and want to invest in SoCal as well. I have a full time job and some cash reserve and want to make my first investment purchase by the end of this year :)

I have very limited real estate experience, but want to realize my potential by meeting investors and providing value to them. In return hopefully I will learn and become a savvy investor myself. If any investor friend doesn't mind talking to a newbie, I offer all my free time apart from work and my bilingual and multi-cultural traits (born and raised in Beijing, China for 24 years).

If anyone wants to explore potential partnerships/friendships, please hit me up!   

[Logan Allec]

@Account Closed, if you're willing to invest in the less-ritzier parts of LA, you need to consider house hacking.  If you do nothing else in real estate, you will have succeeded by getting into a fourplex as a young man or woman with only 3.5% down.  Assuming the rents cover your expenses, in 30 years when you’re in your early 50s and the mortgage is paid off, and you’ve done the smart thing by raising the rents over the years, you will be sitting on a multi-million-dollar asset that cash flows thousands of dollars per month at the cost of a measly $20k or so out-of-pocket when you were 20-something. I can’t think of any better way for young people to prepare for their future so early on in life with so little cash out-of-pocket. Run the numbers and see for yourself.