New Investor, Eager to learn!

[Chris A.]

Hello to everyone in the BP community!

I have been a long time stalker of the forums and am finally ready to introduce myself!

I am a young investor in the Los Angeles area looking to expand my investment portfolio into some real estate. I am new to the scene and am eager to learn all there is to it. Currently looking at taking on a SFR through a turnkey to get my foot in the door.

My long term goals are to build reliable passive income and build wealth through real estate. There are just so many ways to make real estate work for you and I am just excited to start the journey.

Any advice for beginners is welcomed! 

Thanks everyone, and I hope to grow and develop my knowledge in REI and be able to give back to the community.

Cheers,

Chris

[Grant Diggles]

Welcome @Chris A., I've spoken with a rash of California investors the last 48 hours for some reason... must be something in the water over there.

Welcome to the BiggerPockets world! You'll find a wealth of knowledge here with a lot of helpful investors, wholesalers, turnkey developers and everything in-between. @Tom Ott is correct in saying that the Midwest is your most logical choice to invest in. The midwest market is prime for this type of passive investing where inflation and home prices are still realistic. I live on the West Coast as well (Oregon) and its just too expensive to cashflow anything right now.

If you're looking to get started in real estate investing, turnkey investing is a great way to get started. Its passive, its a proven strategy and you have a lot of options. You can certainly look at traditional turnkey investing, but you may also want to check out the BRRRR investment strategy as well. If you don't understand the BRRRR strategy, feel free to PM and I can direct you to some helpful info that will give you a blueprint for taking your first steps. Another option to check out is flip funding if you want to take an even more passive approach to watch the whole process unfold with even less risk.

Too many options to throw out in a simple forum but shoot me a PM if you need any help with getting started.

Cheers, and happy investing!