All Forum Posts by: Lee Davis

I have noticed a lot of price drops and selling under listing price recently on some favorites I had saved on redfin, just after closing on my first condo in the venice beach area. Just like the stock market, my buying is a contrarian indicator that should signal a great time to sell or go short. 

Ahh, thank you, Dawn. I am hoping to create an environment at my studio like that one day. The guys at Epic get to enjoy a much more affordable surrounding market.  I think I may have found someone here on biggerpockets that might have a good entry opportunity on the east coast, actually. 

So for continuing this conversation on investing out of state, where would the best place be to make new posts and ask questions on the forums?

Thanks for putting that together, Ali! It was really inspiring and informative.

I have made 0 real estate moves, but I love my job and plan to keep it. Listening to the podcast, it seems like this is more than possible.

Thanks for the welcome, everyone! I am about half-way through the ebook and it's a great, straight to the point read.

Mehran, I've been in the industry for about 10 years, so haven't worked anything I think people would consider oldschool, but you might have heard of the last game I worked on, it's called "The Last of Us".

Jeff, thanks for the suggestion, I'm going to try and make that meeting. I'm leaning towards owner/occupied somewhere within driving distance of Santa Monica to start out with, but I could see venturing out of California. I have a ton of family in Florida and go there often, so that could be a possibility.

The podcasts are continuing to be enlightening. Probably going to be completely through the archives within a week.

Hello Bigger Pockets members! I am a video game developer at a studio in Santa Monica. I discovered the B.P. podcast recently and I'm quickly burning through the archives while I am at work. This podcast/community seems exactly like what I've been looking for.

My grandfather, back in my hometown in Vero Beach, Fl., started as an agent, then a contractor, then an apartment building, acquisition, and management company operating in the mid-west for decades. I have been mulling this over for years now, but I really want this to be the year I enter the market as I finally have a little cash to work with. I am unsure what the best route to take is.

I'm sure a lot of you in California and elsewhere can really feel my pain when it comes to being taxed on earned income. There's really no better way it seems, than owning real estate from a tax shelter perspective. My company has done really well this past year, and I have absolutely no deductions as I'm an single renter. I've looked over the balance sheets of my grandad's properties and the accumulated depreciation lines are extremely attractive to me. I am surrounded by young professionals in the same position as I am, and I have a dream of becoming a band of game developing real estate owners who can protect some their wealth.

That said, I know I'm swimming upstream with sharks in this market, but it's where I live and I'm not going anywhere anytime soon.