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Updated over 5 years ago,

User Stats

29
Posts
32
Votes
James Yoo
  • Rental Property Investor
  • Los Angeles, CA
32
Votes |
29
Posts

New Fulltime Investor/Landlord in LA and Orange Counties - Hello!

James Yoo
  • Rental Property Investor
  • Los Angeles, CA
Posted

Hey BiggerPockets, thought I'd give a quick intro. 

I left my rat race job in Wall Street about 6 months ago to become a fulltime RE Investor. 

I'm rather fortunate as my parents have been doing this for about a decade, and have about ~30 homes in the portfolio. So I'm thankfully not going into this completely blind. I'm currently doing an intensive learning of RE Investing, property management and construction. While my folks have done very well for themselves using as little risk as possible, I know that we can do much better with the appropriate amount of leverage as well as out of state opportunities.

I spend about 2-3 hours a day educating myself/reading/listening to RE podcasts, and try to analyze about 2-3 properties each day. I've taken over about 90% of all landlording duties of the family portfolio. We (our family) have our own RE agent license/brokerage, as well as a background in construction/general contracting. So access to MLS as well as good contractors/subcontractors, GC license, and general know-how regarding repairs/maintenance/building things.

My goal is to buy & rehab my first property within the next 2-3 months, and another two deals hopefully before the summer of 2019. Longterm strategy is to buy and hold, and eventually move into commercial properties.

If you're in the area I'd love to connect and talk shop! 

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