All Forum Posts by: Bryan Yang

Just passed CA Real Eatate License Exam CA!

I’m excited for my new journey of career change.

I know it’s not an easy path but I rather work for myself than someone else.

I’ll be working with a small brokerage.

Any advice?

@Ali Boone Thank you! I’ll reach out to her!

Hello, I’ve been looking for rentals somewhere in Huntington Beach or Westminster or Garden Grove area in Orange County California close to my work (Fountain Valley) but they seem to be way over priced for I’d be paying for. So I was looking into buying an older manufactured house around 50-60k (1990-2000) to save the down payment for a condo or townhouse. I’ve talked to a local real estate agent and the lot lease price seems to be around $1000-1200 in average price range. I’m not sure how often the park owners raise the price but I did my calculations with the current rate and it’d be somewhere between $1700-1800 per month. My financée and I make around 84k a year and have savings around 40k. I’m really not sure if we’d be making a wise decision here. I feel like if I fix up the mobile home and spend about 8-10k in a span of 3-4 years, it’d be a good investment but only thing that makes me feel unease is the possibility of monthly land price going up every year. My mother is really against the idea but I wanted to hear different opinions. I know, maybe I’m just seeking someone to say something positive so I can justify in my head what I’m planning on doing will work but I just really want to hear the honest facts plus opinions from people. Does anyone have an experience similar to my situation? Even if you don’t, what would you do if you were in my shoes?

Originally posted by @Dave Visaya:

Hey @Bryan Yang, welcome to the site! Feel free to jump in the community here and also take advantage of the treasure of knowledge here.

 Thank you Dave! and I will!!!

Hello BiggerPockets family,

I'm from Anaheim, CA

I found this website not too long ago and I've been learning a lot of great things!

I'm excited to learn and grow as a new investor!

What would be best way to start?

I'm looking for owners finance deals, leasing or anything that wouldn't require lots of funding to create cash flows in Southern California area.

I looked up OC and San Diego area and the price is unbelievably high. Why is that?

Is it because of the bubble in the market? Since the housing market hit the bottom in 2011? 

Also I looked into Fresno, Bakersfield, and Riverside area and the price looked really promising even after applying 1%&2% rules for quick search through Zillow and Realtor. 

Do I have more chance, if I search more outer cities from OC?

Please give me some inputs!

Again, very excited to be part of BiggerPockets!! :)