Investor finally jumping in the deep end in Los Angeles...

[Justin Edgerly]

Hi everyone! After several years of lurking and reading and calculating and God knows how many podcasts, I am finally taking the first steps. I am in the San Fernando Valley and looking forward to working with many of you and getting into my first deal. I would describe my target as a D+ to B- properties in C+ to B+ areas. I am primarily interested in utilizing the BRRRR method to start my portfolio. Additionally, I am also very interested in acquiring an apartment building with strong upside potential for upgrades and rent increases.

My day job is working in the film industry.  I am very hands on with building things and have done a few remodels and sold a few properties in the past.  I just entered escrow selling 2 properties which are seeding my investment fund.  I have strong family ties in the Salt Lake City and Idaho Falls areas and interested in those markets as well.  I work regularly in Atlanta and am not opposed to investing there as well.  

This is my official transition from studying-and-learning to actively-searching-for-my-first-deal-with-the-means-to-close-it!  Thank you all!

-Justin

[Justin Edgerly]

Thank you all for the encouragement.  Going to be an interesting year!

@Zeke Liston Deals exist, but the real magic seems to happen in finding off-market deals. The key seems to bey creating equity in a property.  To give an idea, the house across the street sold for 670k, but only rents for 3100/month...  Insane!

Honestly, when I try to explain the 2% rule to friends here, they can't wrap their head around it.  Buy for 50k and rent for 1000/mo?  Witchcraft!  Slowly turning one friend, who is actually watching podcasts and setting aside money to invest!