Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
BRRRR - Buy, Rehab, Rent, Refinance, Repeat
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

23
Posts
1
Votes
Stefanny Gonzalez
  • Flipper/Rehabber
  • Los Angeles CA (los angeles, ca)
1
Votes |
23
Posts

Seeking advice to invest in California

Stefanny Gonzalez
  • Flipper/Rehabber
  • Los Angeles CA (los angeles, ca)
Posted

Hello, I live in California and am new to investing.

I have been doing research on buying, rehabbing and renting out properties for some time now, but it seems all of the golden rules (50% rule, 2% rule etc...) are equipped for states with much lower home values. Is anyone on here a successful California Real Estate BRRR investor that could shine light on a strategy, or a good place to start in our current market.

Thanks!

Most Popular Reply

User Stats

675
Posts
884
Votes
David Song
  • Real Estate Broker
  • Redwood City, CA
884
Votes |
675
Posts
David Song
  • Real Estate Broker
  • Redwood City, CA
Replied

@Stefanny Gonzalez

Plenty of opportunities is LA. I live in Bay Area, so I just invest here. If I live in LA, I think that will be better than Bay Area in cash flow.

REI is a tough job, not for average person. Need to hustle. Need to take risks. Need to have guts. Need to have money.

The most difficult part is to get started and actually make some profit in the first deal.

Loading replies...