New Investor from San Jose, CA

[Joshua Espejo]

Hello everybody!

My name is Josh and I'm from San Jose, CA. I'm 29 and I'm a Dentist. I love learning and actually have been learning about different sectors of e-commerce with the big idea being "able to make money from the beach in Bali". I have dabbled in different forms of dropshipping (selling physical products online) but I've known I always wanted to go into real estate. 

I've been reading up on the basics of real estate investment and decided to search for my first investment property in Las Vegas. My brother-in-law heard what I was doing and he told me about a co-worker that currently has about 20 doors under his belt -- naturally I wanted to meet him!

This co-worker guided me to Bigger Pockets a well as gave be a few golden nuggets of information and got me fired up to continue on my quest for Real Estate Investing. I have read "The ABCs of Real Estate Investing" by the Rich Dad Advisors (Affiliated with the Rich Dad, Poor Dad book). ABC's is definitely a great intro book for what to expect with Real Estate Investing, as well as defining concepts and working through equations and such. Definitely a great book to understand the first concepts of cash flow  for a rental property. 

I am currently reading Long-Distance Real Estate Investing by David Greene. I am about 1/4 the way through the book and I feel like so much knowledge as been dropped that I will definitely be reading it over with my highlights and notes!

My overall goal is to create passive income that can replace my current salary. I want to buy my time back!

At the moment, I'm looking to assemble a team out in the mid-west; Indiana to be specific. 

If anybody has any suggestions for teammates, reading, or any seminars, I'm open to it all!

I look forward to meeting everyone I can on this forum 💪

[Casey Powers]

Regarding SW Las Vegas - I’m not sure why so many people only look there. It’s probably the worst area of town in terms of rental cash flow. You can rent in any neighborhood in this city, even the so-called “war zones”. Better returns in other neighborhoods. 

Be careful with the multis in LV. They’re mostly old buildings with a lot of deferred maintenance. Plumbing problems are common. They look good on paper, until you start getting the nonstop repair requests.