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Updated almost 7 years ago, 02/07/2018

User Stats

7
Posts
1
Votes
Jesse Sedeno
  • Newbuty Park , Ca
1
Votes |
7
Posts

Hello Bigger Pockets community

Jesse Sedeno
  • Newbuty Park , Ca
Posted

Hello Everyone,

My name is Jesse I am from So Cal and have been watching/following BP for a while. My brother and I are saving money at the moment so we can start investing. We plan to invest in Las Vegas because we have family in the area and it's not too far from us. We would like to buy a low end home through a wholesaler, put some elbow grease into it and rent it out. Anything we can not do we will get a contractor to do. We are new to Real Estate but always willing to work and learn. At the moment we don't know any Wholesalers and what is a good ball park price to save for our first buy.

Thank you all for all your input and knowledge ahead of time

Jesse Sedeno

User Stats

5,985
Posts
5,030
Votes
John Warren
Pro Member
  • Real Estate Broker
  • 1658 N. Milwaukee Ave Ste B PMP 18969 Chicago, IL 60647
5,030
Votes |
5,985
Posts
John Warren
Pro Member
  • Real Estate Broker
  • 1658 N. Milwaukee Ave Ste B PMP 18969 Chicago, IL 60647
Replied

@Jesse Sedeno welcome to BP! I would recommend buying a better quality home to put elbow grease into when the time comes. You will find that the better areas often times end up being more lucrative. Keep us updated on your journey!

  • John Warren
  • User Stats

    56
    Posts
    14
    Votes
    Mariusz Bojarczuk
    • Salem, MA
    14
    Votes |
    56
    Posts
    Mariusz Bojarczuk
    • Salem, MA
    Replied

    Hello,

    My name is Mariusz. I am from Boston. I am also new to investing into rentals. I have saved money but I am afraid it is not enough to buy property that is not fixer upper and I am looking for connecting with someone to make the first purchase together by cobining resources. Would you be interested? The partnership may be legally established and the time limit also. This would diminish any risks involved in spending the funds.

    Please let me know.

    Sincerely,

    Mariusz

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    User Stats

    7
    Posts
    1
    Votes
    Jesse Sedeno
    • Newbuty Park , Ca
    1
    Votes |
    7
    Posts
    Jesse Sedeno
    • Newbuty Park , Ca
    Replied

    Thank you for the input John Warren. I will let you know and put pics of what we decide to get when we finally purchase one.

    User Stats

    7
    Posts
    1
    Votes
    Jesse Sedeno
    • Newbuty Park , Ca
    1
    Votes |
    7
    Posts
    Jesse Sedeno
    • Newbuty Park , Ca
    Replied

    Mariusz Bojarczuk,
    At the moment my brother is my partner and again we are New. I want to get some experience first before we use other people's hard earn money. I thank you for the offer and I know if you put it out in the Forums that you are looking for a partner, you will find one

    User Stats

    99
    Posts
    42
    Votes
    Cameron Novak
    • Corona, CA
    42
    Votes |
    99
    Posts
    Cameron Novak
    • Corona, CA
    Replied
    Welcome and congrats on your desire to start investing. I'm also operating out of SoCal. You might consider doing a few flips and then using proceeds to purchase rental props. Check my profile and let's connect.

    User Stats

    10,020
    Posts
    4,832
    Votes
    Andrew Syrios
    Pro Member
    • Residential Real Estate Investor
    • Kansas City, MO
    4,832
    Votes |
    10,020
    Posts
    Andrew Syrios
    Pro Member
    • Residential Real Estate Investor
    • Kansas City, MO
    ModeratorReplied

    Welcome aboard Jesse and best of luck investing!

    User Stats

    56
    Posts
    14
    Votes
    Mariusz Bojarczuk
    • Salem, MA
    14
    Votes |
    56
    Posts
    Mariusz Bojarczuk
    • Salem, MA
    Replied
    Originally posted by @Jesse Sedeno:

    Mariusz Bojarczuk,
    At the moment my brother is my partner and again we are New. I want to get some experience first before we use other people's hard earn money. I thank you for the offer and I know if you put it out in the Forums that you are looking for a partner, you will find one

     Thank you Jesse and good luck! Your response is much appreciated.

    Mariusz

    User Stats

    471
    Posts
    241
    Votes
    Jon Lee
    • Investor
    • Las Vegas, NV
    241
    Votes |
    471
    Posts
    Jon Lee
    • Investor
    • Las Vegas, NV
    Replied

    Hi @Jesse Sedeno...welcome to BP and the investing game! I'm a Vegas native and invest in both Vegas and San Diego county. I would be happy to point you in the right direction here in our very competitive market. ROI for rentals in not as high here as what you can find in other markets but that doesn't mean that you cant make a working model here where you already might have boots on the ground. Reach out me at my contact information below and lets get you pointed in the right direction. Look forward to talking with you soon!

    User Stats

    7
    Posts
    1
    Votes
    Jesse Sedeno
    • Newbuty Park , Ca
    1
    Votes |
    7
    Posts
    Jesse Sedeno
    • Newbuty Park , Ca
    Replied

    Thank you Jon
    I sent you an email