Caleb Enters Real Estate

[Caleb Crockett]

Hey BP!

I’m brand spanking new. I’ve been interested in real estate for a long time and never knew where to start. I like the idea of passive income. I work a full time professional job that I’m not intending to replace but I want to make my money work for me short and long term. Short term goal is to buy a rental property that cash flows. Medium term goal is to expand from there with a few more and make a decent income that I could survive on if I had to. Currently reading the ultimate beginners guide. I live in San Pedro, Los Angeles, CA. Excited to be here!

[Bryant Troupe]

Hi Caleb,

Welcome to BP.  Do you own your own property now?  If not, I would second the idea of trying to house hack.  I grew up and live in the L.A. area and it's a tough market for new home buyers unless you've got a lot of money.  My first property was a townhouse in Hawthorne, which at the time I unknowingly house hacked.  I bought a 3 BR and rented out 2 of the rooms to roommates.  If I only knew then what I know now.

Try to learn as much as you can while simultaneously taking small actions toward your goal.