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All Forum Posts by: Jackie Martinez

Jackie Martinez has started 1 posts and replied 5 times.

Post: Newbie from Los Angeles

Jackie MartinezPosted
  • Los Angeles, CA
  • Posts 5
  • Votes 3
Originally posted by @Aaron Moskal:

Hi all! 

@Julie McCoy @Allen Tracy @Jackie Martinez I'm so glad this became a little film crew meeting post! I completely agree with all of your points. I can definitely see some set burnout on the horizon haha. I think it would be great to be able to use Real Estate to at least take a little step back and not feel like I have to jump from show to show all the time. That's great that it's working for you guys! Also, Julie, I used to spend summers as a kid in the smokies so that's always been on my radar. I'm super interested in that market. Maybe we could all do a little film crew real estate lunch or drinks sometime if we're all in town at the same time? 

@Jasmine Joseph @Zeke Liston Thanks for the welcome!! 

 I'd definitely be up for an in person meeting!!

Post: Newbie from Los Angeles

Jackie MartinezPosted
  • Los Angeles, CA
  • Posts 5
  • Votes 3
Originally posted by @Julie McCoy:
Originally posted by @Allen Tracy:
Originally posted by @Julie McCoy:

@Aaron Moskal @Allen Tracy @Jackie Martinez Hi fellow Film/TV pros!  I was an Assistant Director for ~10+ years and learned to build my rental portfolio while on set (mine is vacation rentals, most in the Smokies in Tennessee).  Not long ago I found myself pretty burned out by the Biz, but my VR portfolio is creating enough income for me to live on, so I've taken a step back and am focused on real estate now - I've been enjoying skipping the 4am wake-ups!  

I know first hand how demanding and time-consuming those careers are, so I just want to say it is 100% doable to successfully invest out of state while still killing it in Hollywood.  Best of luck to you all!

That's so awesome to hear.  I've been at this for 17 years now and have been thinking about a 5-10 year exit.  Very inspirational to hear your story.

Thanks!  The business was very good to me and I loved it for a long time, and then one day realized... I didn't anymore.  And I didn't want to become one of those embittered, burned out people, so I figured I'd get while the getting was good, and my investments made it possible.  :)  I do still keep the door open, did a brief stint on a show this fall and it was actually fun to get back on set and see a lot of old coworkers, but I know I'm never going back full time.   

I completely agree.  Having a personal life is difficult when you're working so many hours and I want to enjoy life now and not when I'm too old to be as active.  So reading David Greene's Out of State Investing book and doing as much research as possible.  

Post: Newbie from Los Angeles

Jackie MartinezPosted
  • Los Angeles, CA
  • Posts 5
  • Votes 3

I am also from LA working in the Film/TV industry and looking to get into real estate. Hello @Aaron Moskal and @Kevin Chan! Local folks are trying to get me to invest in properties here, but it just seems like I'd be better off

looking out-of-state as well. OKC sounds interesting, what other areas would you guys recommend?

Post: Hi guys! I'm a newbie from Los Angeles!

Jackie MartinezPosted
  • Los Angeles, CA
  • Posts 5
  • Votes 3

Thank you all for all your replies! It feels great to feel welcomed here, I have a lot of learning to do! @Parker Eberhard, I do work in costumes as well and I'm saving up all my pennies while in Atlanta. That's the plan! Save and then buy my own property!

I look forward to attending local meetups and meeting new people. In the meantime, I'll try to analyze the markets from my computer. 

Post: Hi guys! I'm a newbie from Los Angeles!

Jackie MartinezPosted
  • Los Angeles, CA
  • Posts 5
  • Votes 3

Hi guys! I just started getting into real estate lately. I am 35 and I live in Los Angeles, but I'm currently in Atlanta, GA for about 6 more months on a TV project. I work A LOT in TV and film. It sounds cool, but working 12 to 16 hour days is grueling and I want to be able to have the ability to have more free time and I think passive income through real estate could help, though I know that also comes with hard work as well.

I'm going to spend the next 6 months while I'm in Atlanta reading up on as much as I can! I've got the BP books The Ultimate Beginner's Guide to RE, Long Distance RE Investing, and Estimating Rehab Costs, and now Rich Dad Poor Dad, because everyone keeps mentioning it so. I'm halfway through the Beginner Guide Book by Brandon Turner.

When I return to Los Angeles, I plan to take action. 

I just am not sure what should be my first step. In a perfect world, I would love to house hack in LA, but the market is expensive. Should I just do LA anyhow to get an FHA loan as my first property? Then refinance and do out of state as the rest of my properties?

When it comes to out of state investing, I have family in Miami, Orlando, and Peoria, Illinois. I also am familiar with Atlanta and Memphis. What criteria do you use when selecting a market exactly? 

Thank you in advance for your advice!