Your competition is fierce so you need to figure out in time what your core value proposition is and where you can add value to the market where others just aren't cutting it.Build Relationships, Build BusinessMy advice to all newcomers in the L.A. market is to focus first and foremost on networking and developing relationships.

Taking comp based upon the amount of the offering (aka success fee, investment banking fee, selling comp, etc), this is a broker-dealer portal (or operating as a branch office of a broker dealer, a la Realty Mogul).

If it weren't for the 5-10% that are bad, we could operate on a handshake.

It's time for us to expand, so we are expanding our wholesale operation into Oklahoma City!

@Bill Gulleyso how exactly do you define a "real estate operator"?

FHA Inspection called for egress window which was a surprise so to make it quick we upped the purchase price to $196000 to cover the $2000 price for egress window.Total rent is $2700 and my mortgage is $1226 so once all operating expenses were added in I am cashflowing about $950 which for my area is awesome since most multifamiles are at 6-8%  Cap Rate and my property was 11%.I financed using FHA loan putting only 3.5% down because my plan is to move into a unit for a couple of months do renovations to get the rent up and then buy another multifamily and repeat.So there you have it and I am very excited to continue building my portfolio but I know and will reiterate the point that you can spend all your time learning and dreaming but once you make that first step it suddenly turns into you running and making your dreams come true.  

Hi everyone, I operate in the Columbus, Ohio area and have located a few properties that I will be looking to rehab very soon.

You would definitely need a good property management team or a turnkey operation on the ground to be successful though.I’m in Colorado and I haven’t seen the kind of Cash Flow opportunity that Cleveland has in Colorado.Best of luck to you.Robert H.

I hear Coree is a good one as well.

For me it was in helping to organize people out here in Korea, helping to connect investors in Korea with people in the US, and helping investors / operators organize their business and marketing systems.