All Forum Posts by: Account Closed

I have gotten so much awesome feedback and made so many connections here already! I'm working on my business plan and narrowing my options. I am going to be posting it here in a few days and see what everyone thinks. 

I'm so glad and thankful I found this place!

Salutations!

Thanks in advance for any response I might receive to this question. I am a newbie. I am interested in maximizing monthly cashflow through acquiring rental properties. However, being in Los Angeles, there are not many nearby markets that cashflow without exposing you to high crime rates, undesirable tenant populations, etc. Additionally, even with a cashflowing property, the cost of entry (or initial investment) is much higher here than in other states. So ROI is not good either.

When I browse through properties, let us say in Ohio for example, I find numbers that work on SFR's or multiplexes between 50k and 100k, sometimes less.

Am I right to be looking at remote investing and avoiding CA? If, so I am sure there are many good markets to look into. Any suggestions on how I get started on this? I assume start developing a team, learning the neighborhoods in a target market, etc. I am not very interested in appreciation speculation in CA. Not to knock anyone who successfully does this. But my goal is cashflow. 

I am also considering jumping into one of these local low priced "problem area" homes in the greater LA county that cashflow moderately, as I am young and don't have a family yet. I think I can handle all the extra headaches for at least a few years :-)

Thanks for reading!

@Account ClosedThanks for reading man! I'll definitely be contacting you about prospective properties. I'm still learning about how to evaluate investments. I understand all the math, but it's the concepts I want to get solid before I jump in - I don't want to simply get good at plugging in numbers in a calculator lol. 

I'll use calculators and cheat when I don't have the need to cheat anymore haha.

@Brandon TurnerWow! Can't believe THE Brandon Turner actually responded haha. Might as well be talking to Eddie Vedder or Kurt Cobain ;-) Love the podcasts!

Salutations everyone! I hope there is still room!

Newb here, and I will absolutely be there. I will try to grow a handle bar mustache by then... I already have skinny jeans and leather boots ;-)

Salutations! 

I'm a football coaching school psychologist, born and raised in sunny Los Angeles.  27, fresh out of grad school, and ready to get rich quick... just kidding! 

I have always been fascinated by real estate and the people who own it, even as a child. I would love to eventually have one of those success stories we read and hear about so often; 0 to 30 or even 50 units in 5 or 10 years. I am particularly fascinated with buy and hold strategies using multifamily properties.

I love my full time job and my addiction to football is incurable, so I don't have a very strong desire to do real estate full time and quit my occupations. From what I understand, having a full time job and income - and enjoying it - puts me at a good starting place. Add to this the fact that I am unmarried... I should be unstoppable ;-)

My goal is to maximize monthly cashflow through buying and holding multifamily properties. I realize that LA is one of the worst markets to be in for this, so I am open to out of state investing as well.

I would love to connect with other investors here not only to learn myself, but also to become a valuable member of this incredible community. Hopefully I can one day join the ranks of the people here who answer the questions, in addition to asking them. 

Thanks for reading!