All Forum Posts by: Bradley De comarmond

Welcome to Bigger Pockets @Eren Del Rico

BP is loaded with all the information you will need to succeed in whatever niche of real estate investing you wish to pursue and the community is filled with knowledgeable investors and professionals to learn from and connect with.

BP is what you make it. The more you put in, the more you will get out of it!

Listen to the podcast for extra inspiration and investing advice and post in the forum for any questions you have. Members here are really eager to help. We're all working to succeed together.

Also, check the "networking events" tab under "Community" and go out there and meet people. That's the way to build powerful relationships.

Like you, I am living in CA (Los Angeles), but I focus on investing out of state for the 3x cash flow and reasonable cost of real estate. Florida is my state of choice.

If you have any questions about out of state investing and in the Florida market, connect with me and good luck on your journey!

- Brad

P.S. - Two of the best books you can read (and re-read) are Rich Dad, Poor Dad and The 4-Hour Workweek. Both have been mentioned numerous times by guests on the Bigger Pockets podcast and I have detailed notes to both books. If you would like a copy, just let me know and I'll send them over. (but it's still highly worth buying the books.)

Thanks @John Thedford  and @Chris K.

My partner's sister would probably be best since it's my partner's aunt and uncle who will be financing the projects. 

She is just taking her sweet time but said she could do it all for $1000 or so which sounds great.

Hey BP nation! So my business partner and I need to get our operating agreement set up as well as a solid joint venture template that can be adjusted for every deal. 

Basically, our financiers don't want "something off legal zoom." Since laws and contracts are way above our head, we just want to offer them and ourselves peace of mind knowing we're protected.

If you have a great template or source of both contracts or could refer an real estate investor attorney in Florida that could put our legal situation together for a nominal fee(my partner's sister is a corporate attorney that offered to do it for free but may take a few weeks) please let me know. 

Thank you all!

-Brad

Welcome @Account Closed hosts a monthly meetup on the outskirts of SM which is ll BP people.

There are also 

https://www.meetup.com/Downtown-Los-Angeles-Real-E...

https://www.meetup.com/Out-of-State-Real-Estate-In...

See you around! -Brad

Best of luck, @Austin Nieves! Absorb as much info as you can from BP. This is the only resource you will ever need. 

Welcome to Bigger Pockets @Annis Naeem

As you can see, BP is loaded with all the information you will need to succeed in whatever niche of real estate investing you wish to pursue and the community is filled with knowledgeable investors and professionals to learn from and connect with.

BP is what you make it. The more you put in, the more you will get out of it!

Listen to the podcast for extra inspiration and investing advice and post in the forum for any questions you have. Members here are really eager to help. We're all working to succeed together.

Also, check the "networking events" tab under "Community" and go out there and meet people. That's the way to build powerful relationships.

Like you, I am living in CA (Los Angeles), but I focus on investing out of state for the 3x cash flow and reasonable cost of real estate. Florida is my state of choice.

If you have any questions about out of state investing and in the Florida market, connect with me and good luck on your journey!

Either way, you're still young and have filled your head with the right information and thought processes to ensure you will be absolutely set by your 40th birthday. Keep it up. Keep learning and taking action and you will achieve financial freedom!

- Brad

yeah, taxes and insurance will unfortunately take a big chunk out. Looking at the purchase price of 2.88m, I would want to be around $28k per month coming in but that is because cash flow is more important for me while that area may be great for appreciation.

Unfortunately you won't hit those type of numbers in LA which is why I don't think about investing here but it all depends on your goals and lifestyle. 

Welcome @Lucas Allmon!

Congrats on the hard work and sacrifice you've put in over the last decade. It will surely pay off. I live here but invest out of state for cashflow and the insane local prices. 

Perhaps a solid value add rehab project would work well especially if the market tapers off. Can you work remotely at all? If you can get just 30 miles outside of LA, the numbers drop drastically. 

@Harsh R. I will post the next one under the networking tab for sure. It'll probably be mid to late July

Hey @Sam Kim

Welcome to Bigger Pockets!

BP is loaded with all the information you will need to succeed in whatever niche of real estate investing you wish to pursue and the community is filled with knowledgeable investors and professionals to learn from and connect with.

BP is what you make it. The more you put in, the more you will get out of it!

Listen to the podcast for extra inspiration and investing advice and post in the forum for any questions you have. Members here are really eager to help. We're all working to succeed together.

Also, check the "networking events" tab under "Community" and go out there and meet people. That's the way to build powerful relationships.

Like you, I am living in CA (Los Angeles), but I focus on investing out of state for the 3x cash flow and reasonable cost of real estate. Florida is my state of choice.

If you have any questions about out of state investing in the Florida market, connect with me and good luck on your journey!

- Brad