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All Forum Posts by: Allen Smith

Allen Smith has started 4 posts and replied 12 times.

Glad to hear it! I'll shoot you a message after I get off work. Thanks for responding!

Post: Wholesale Investor in Woodland Hills, CA

Allen SmithPosted
  • Redondo Beach, CA
  • Posts 12
  • Votes 4

Keep that drive and passion of yours. I'm currently making my way to home base to bat for the first time in wholesaling in the south bay area below Los Angeles. I'm sure the journey to get to that first deal will be something you will never forget. Feel free to share your future successes, and good luck out there!

Post: Finally pulled the trigger

Allen SmithPosted
  • Redondo Beach, CA
  • Posts 12
  • Votes 4

@Nathan Patterson. The triplex was a little over $500k and the cash flow after all expenses including setting aside for taxes, maintenance, etc is....very thin, which is okay considering I really wanted to learn how exactly the process worked, defining terms, negotiating, etc. Honestly, the worst part was actually putting in my offer and getting it accepted. That made the whole experience real. Looking back I made A TON of mistakes. However, in the end those mistakes can become your greatest assets.

@David Varvaro, the triplex is in Long Beach close to downtown where they are doing a lot of construction to the new court house and town hall. I'm currently living in Redondo Beach which just so happens to be an arm length away from Hermosa.

Hello BP, I'm currently looking for a RE attorney in the Redondo Beach area of California (right below Los Angeles) that knows a thing or two about wholesaling to look over my contracts. Let me know if you know of an attorney that fits the bill, and who would love a new client.

Post: Finally pulled the trigger

Allen SmithPosted
  • Redondo Beach, CA
  • Posts 12
  • Votes 4

Susan, I could not agree with you more! I grew up in the Hattiesburg area where houses are in the $100k range. Then I move to California where most in my area are $500k and up. Scary indeed, but not impossible to find a good deal like you just mentioned about the condo. Well done!

Post: Finally pulled the trigger

Allen SmithPosted
  • Redondo Beach, CA
  • Posts 12
  • Votes 4

Thank you both Sydney and Jo-Ann! Feel free to reach out. I'm always looking for making new connections with like minded people!

Post: Finally pulled the trigger

Allen SmithPosted
  • Redondo Beach, CA
  • Posts 12
  • Votes 4

Thanks Daniel! Congrats to you and your wife on the little one on the way as well!

Post: Finally pulled the trigger

Allen SmithPosted
  • Redondo Beach, CA
  • Posts 12
  • Votes 4

Born and raised in Mississippi, but currently I find myself living in southern California in the Redondo Beach area. I enjoy both active and passive income from real estate, and I have just started my career as a real estate investor. I finally took the plunged and bought my first triplex even though it scared the crap of me. When not thinking or talking about buying properties I'm working on a few fitness goals or spending time with my wife waiting for our little girl to finally join us from the inner depths of the womb.

Post: REI Clubs In California

Allen SmithPosted
  • Redondo Beach, CA
  • Posts 12
  • Votes 4

Hey there, Jayden! I would love to meet up and connect with you once I'm in the area! We'll need to sit down and talk over coffee some time.

Post: REI Clubs In California

Allen SmithPosted
  • Redondo Beach, CA
  • Posts 12
  • Votes 4

Does anyone know of any great California REI clubs in or near Las Angeles from first hand experience? I moving there in two months and would love to connect with some local investors.