With that being said, I need the capability to buy and sell my own properties and would like to hang my license under an established Los Angeles brokerage firm.

Eighth, Once you make it work, then you can establish more teams in different places. 

In my mind its just like trying to start in the RE sales game.. you need capital you need training and you need the TIME to get your deals flowing// it just does not happen over night.. you can go to REIA's and let the established folks use and abuse your time..

Hey everyone, I'm starting my wholesaling career and is seeking advice from established Investors.

If I take any money I may establish new tenancy.

Our clients range from individual part-time landlords, to the largest professional property management companies in the region.Our law firm also handles the following areas:Multifamily / LandlordEvictions (Residential and Commercial)Lease (Addendum) Review / DraftingResidential Real EstateCommercial Real EstateAd Valorem Taxation LitigationPersonal Injury Defense/Premises Liability DefenseCivil LitigationMunicipal/Code Enforcement IssuesThe Cweren Law Firm is dedicated to providing quality value-based legal services with a goal of establishing and maintaining a long-term business relationship.

Your plans are going to run into costs of 10K to 20K per lot to develop plus additional infrastructure, septic, power. roads etc.Probably looking at 1-2 M to accomplish your total goals.If the area does not have the income levels for individuals to bring in their own homes you may not be able to develop the community at all and make any money.

I recently networked with an established investor in the area and he has agreed to teach me how to become a successful REI with my first deal (not financially on my first deal, but the knowledge he's sharing is phenomenal).

You'd pull your cash out plus another ~$15-$20k (tax deferred), have some cash flow for a year, then you can sell with favorable tax treatment.Also, I think there is a lot to be said for holding during a period of low CapEx and selling before the bill comes due.

I would like to set up an established portfolio so one day I will be able to teach/leave him something.