BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 4 years ago on . Most recent reply
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Seeking advice to invest in California
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!
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@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.