New to DP and REI, learning how to get started and find deals

[Danny Raymer]

Hey there, I'm excited to join the BP community and learn more about REI. I've been listening to BP podcasts for a few months, and have read Long Distance Real Estate Investing. I live in southern California, so finding properties around my area to purchase and rent out doesn't seem like a good investment if I'm looking to cash flow immediately. I've been casually looking out of state for my first purchase, but honestly am a little lost how I should be looking and what steps to take next. I have a good friend who is interesting in investing with me as a joint venture and we're just trying to figure out how to put our drive in to action. Any advice you may have for a first time investor would be awesome. I'm looking forward to getting my first deal, but want to make sure that I am making a wise move. Thanks!

Danny