Southern California Newbie Needing Advice

[Nicholas Matthew Coca]

Hi guys, brand new to the BP community and really RE as a whole. My brother suggested the BP podcast and for the last week it’s all I can listen to. I have a considerable savings account and have done a considerable amount of hands as work with 3 years in the commercial electrical field and now working as a project engineer/manager in training. Still young (22 next month) but I want to look to see how I can begin my path to financial freedom. I should be graduating with an Associates in Business Management this December, I’m a numbers kind of guy and like to think I’m ambitious. The Southern California market, Orange County in particular is where I’ve lived almost my entire life and investing in real estate seems almost impossible to start down here. Looking for general advice, tips, connections, really anything on what I should really look into in this high $ hot market. I appreciate all the responses in advance!

[Rob D.]

I’ve been investing in OC for over 24 years. Today I wouldn’t buy a investment property in OC. The roi just isn’t there.  If you want to invest start looking into Riverside, Chino, Corona, Montclair, Claremont, Rancho, . You would need to be a cash buyer to make a dent. House prices run 10-15-20% lower than OC but they’re going up. We moved out that way and our house went up about 20% from two years ago. My neighbor paid as much as I did for a 1400 sq ft and mine is 2300. His lot is a lot less user friendly.