New to real estate and SoCal market, best entrance strategy?

[Elan Adivi]

Good morning BP community,

I recently got my real estate license per my dad's advice (who has been an agent for the past 25+ years) and I really want to get my foot in the investing door. He has suggested to me to go into sales full time in order to build capital to invest with. My wife and I are currently renting in Sherman Oaks and have some money saved up (not a lot) to invest. She has a steady W-2 job and I am currently working a part-time W-2 as well as independent. My plan/hope is to be able to purchase (and occupy) a multi-family complex in the Encino/Sherman Oaks area by the time our lease is up in May 2018. I also own a single family prefab unit which is currently on the market. Any suggestions/ideas for my next move would be much appreciated!

[Seth Thompson]

@Elan Adivi

Welcome!

I am fairly new to the area as well. I am a wholesaler, and a lot of my investors say that they do flips on SFRs while trying to build capital. I guess it depends on what your strategy is. So it can vary from case to case.