New investor in sunny Los Angeles!

[Gregg Yamauchi]

Greetings BP!

I've been following the BP blog and listening to the BP Podcast (which is absolutely fantastic!) for some time now, and think it's finally time to get involved on the forums.

I am currently working full time for a real estate investment fund, where we focus on acquiring distressed commercial real estate across the US and Europe. While I have obtained a wealth of knowledge and experience in my job, I have always had the dream of investing in real estate on my own. I am focused on cash-flowing investments, and have set a goal to close my first deal sometime in 2014.

As many of my fellow Los Angeles based investors know, LA is a great city to live in, but a tough place to invest. With high prices and low yields, my search for good, cash-flowing deals has come up dry. Because of this, I am now looking at cities outside of LA and even out of state. What do y'all think of making your first investment out of state?

I am very excited to get involved on the forums, learn from experienced investors, share information and maybe even find a new mentor. If anyone ever has any questions about distressed commercial real estate investing, I'd be happy to help.

Cheers!
Gregg