Pasadena, CA · Member since 2016 · 7 posts · 11 votes
Hello CA Investors,
I recently moved to CA for work related reasons about 6 months ago. I am younger but have a bit of cash saved of up (enough for a down payment in most states). That said I am definitely interested in the idea of out of state investing as cash flow is very attractive to me and my lifestyle desires. I have been lurking on the BP forums, reading books, listening to podcasts, etc but have yet to meet/connect with any local CA out of state investors. I know that Brandon and David always emphasize how important it is to surround yourself with rockstars and that is something I am looking to do. I am from Arizona originally and have no network whatsoever here in California, but I want to change that. Are there any local meet ups or networking events that are targeted towards CA out of state investors? For geographic reference I live in the east LA area close to Pasadena.
I am also always open to grabbing drinks or lunch with a group of like minded individuals!
Hey @Tyler Thompson, welcome to California! I love that you mentioned you are interested in cashflow and have already planned out your future lifestyle choices. I, alongside some other BP members, host a monthly real estate meetup in Riverside CA, probably about 1.5 hours from you with traffic. That would be a great opportunity to meet other local investors who invest out of California. If you are interested shoot me a PM and I can give you the details!
Hey @Tyler Thompson, welcome to California! I love that you mentioned you are interested in cashflow and have already planned out your future lifestyle choices. I, alongside some other BP members, host a monthly real estate meetup in Riverside CA, probably about 1.5 hours from you with traffic. That would be a great opportunity to meet other local investors who invest out of California. If you are interested shoot me a PM and I can give you the details!
Hi Tyler, look for the Out of State Multifamily Investor (OSMFI) meetups spread throughout Los Angeles. These meetups are geared toward exactly what you are looking for, and will help provide education on how to buy out of state apartments as well as invest passively in other sponsor's deals.
I'm in LA and have mostly done out-of-state investing (turnkeys). There's a meetup once a month led by @Jeff Greenberg that I really like. It's not specific to out-of-state investors, but a lot of people there tend to be out-of-state investors and quite often the conversations end up being about out-of-state. It's very casual, everyone just introduces themselves and then anyone can ask questions of anyone there. It's the 2nd Saturday of the month at 11am at The Unurban Cafe in Santa Monica. Free.
Hi @Tyler Thompson, I'm actually from AZ too. I went to undergrad at NAU and recently finished my MBA out here at UCLA. I now work at a big investment firm on the real estate credit team and am exploring investing in RE personally. I'd love to do a deal in Phoenix if it could work out. For events, check out FIBI (for investor by investors) on meetup.com, as they have multiple chapters including one in Pasadena. Happy to chat further and bounce ideas off each other if you're interested.
Hi @Tyler Thompson: I can't speak to Cali events, but I will say that many, many California investors prefer the AZ market. You have a leg up on that method, as you're from here originally and know the area. I've got referrals for property management, maintenance, etc. if you're considering the Phoenix area. Happy to help out however I can! Good luck!
Hi @Pamela Sandberg, I'd be interested in your referrals as well, and I suppose Jeff and I may be interested together if something were to work out. My only concern is managing a rehab from afar. My parents are there and have some rentals, but they don't want to manage a rehab. Do you know of CA investors in AZ who have successfully utilized property managers/contractors to manage a rehab project with no in-house "boots on the ground" and without having to go to AZ on a weekly basis?
Hi @Ali Boone, is that meet-up you mentioned happening this month? I would love more info! I also live in Venice beach, am a newbie investor, and looking to connect with other people locally who are investing out of state.
It's geared toward multifamily investors but you'll find that that a lot of the investors there also invest in single family if that's more of what you're looking for.
Hi @Ali Boone, is that meet-up you mentioned happening this month? I would love more info! I also live in Venice beach, am a newbie investor, and looking to connect with other people locally who are investing out of state.
Oh very cool! Venice neighbors!
I would assume it is. @Jeff Greenberg runs it, maybe reach out to him to confirm and he can also put you on his mailing list for it.
Hello all. I do hold a meetup in Santa Monica and one in Thousand Oaks. Also look up FIBI (one MF and a general one in Pasadena, and several down south) and OSMFI(one in Pasadena, downtown LA, Long Beach, Manhatten Beach, WLA, Oxnard,and others all focusing on MF)
Let me know if you need furthers assistance. @Ali Boone thanks for the continued support.