Los Angeles, CA. Looking for a second home!

[Frank S.]

Hi everyone!

My name is Frank and I have gradually began exploring real estate over the last few weeks as my curiosity has grown of what to do with my financial stability and overall savings. I am currently working as a case manager in Los Angeles for the developmentally disabled population and planning to return to school for a Master's in counseling psychology and license (somewhere 1-2 years from today).

My interest in RE came from my parents flirting with the idea that we could possibly rent out our current SFA Home and purchase a new home for us. In our planning we have came across many questions that none us were able to answer with much confidence. Should we refinance, purchase a home as new home buyers, how much should be invested in remodeling/down payment. Through doing some searches online I found BP and have began to understand the "big picture" of REI. Given my starting point, I found that our circumstances are better tailored to particular niches and strategies.

I've read through some of the beginner guides, some articles and heard some of the podcasts and now believe that RE estate can be stable source of passive income if planned out properly. For the past two-weeks, I've been dedicating 1-2 hours every morning to understanding the world of RE (online resources). I was also surprised with the little extra motivation this simple new routine added to my current work (I'm constantly trying to see how my current job can do more for my RE experience than be steady source of income).

Excited to be here!

Frank

[Craig Curelop]

Hi Frank. Welcome to our BiggerPockets community!

We are excited also to have you around BP. It's good you have interest in REI through the introduction from your parents. Keep learning and connect with the experts in the industry here in BiggerPockets. I usually give the following suggestions as you dig deeper BP site, hope it will help you too.

     1. Subscribe to the BiggerPockets Money and Rookie Podcasts

     2. Attend the FREE WEBINARS

     3. Attend a Meetup in Your Area (after lockdown)

     4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

     5. Peruse the forums! Ask questions! Answer Questions!

Goodluck in your REI journey and keep connecting!

Best regards,

Craig Curelop