All Forum Posts by: Josh Wallace

I am trying to come up with a strategy to build my REI portfolio. I reside in Los Angeles and the prices truly are for the rich and the famous, or so it seems. Doing local deals, it seems that flipping would work best in the greater LA area then use the money earned in order to purchase multi-unit properties in higher CAP areas.

From those of you that have flipped in the Greater Los Angeles Area, where did you start?  What did you find to be most successful finding the right property to flip?  Furthermore, has anyone flipped in Southern California and used the profit to invest in a cash flowing property in other areas?

@Thomas Franklin I am looking to add rental properties to my portfolio, starting with SFR to start/learn, then progress from there. Starting out, I do not have large amounts of capital to put down so creative financing is a must. Before the year's end I want to have my first deal done and moving forward I want to add at a sustainable yet active rate. I am open to partnerships based off of character and merit of the people I partner with. Long term objective, I want to be able to not rely on a paycheck (W2) at a relatively young age.

Thank you, gentlemen.  I plan on attending the BP meet up tomorrow in Santa Monica, perhaps I will see you there.

Hello BP World!

I have been on BP for less than one week now and I love it.  I get lost in multiple posts and podcast, all of which just adds to my excitement and interest to get started.

I currently reside in Los Angeles, CA but realize that it takes a lot to get going in this market.  While I hunt for the right deals locally, I am interested in starting in other promising areas as well.  I have an interest in Austin as well as other cities in TX as well as the greater Phoenix, AZ area.

I would love to not only learn from others here but would also like to offer any help that I am able to do.  This is a new industry for me so I don't want to ask others for assistance without being willing to do the same in return.  I look forward to seeing what people have to say.

Take care and good luck!

Josh W.

Hi all, is this still a go?  New to this site/group/real estate, looking to network and meet like minded people.