Introduction - New Investor
Member since 2023 · 9 posts · 12 votes
Introduction - New Investor
Most Popular Reply
Mackaylee BeachPro Member
Real Estate Agent · Kansas City, MO · Member since 2020 · 1k+ posts · 492 votesWelcome to BP and the exciting world of real estate! This is a fantastic platform for networking and making connections.
Have you set your overall financial goals yet? If not, that's a great starting point! Defining clear goals will help guide your investment strategy and keep you focused on what you want to achieve. Whether it's generating passive income, securing a comfortable retirement, or achieving financial independence, having a roadmap can make all the difference.
It's also helpful to connect with local real estate groups or mentors who can provide insights and guidance tailored to the Los Angeles market. Remember, every successful investor started with small steps, and you're already on your way. Don't hesitate to ask questions and share your experiences here—this community is a great resource for support and advice.
Best of luck on your journey, and remember, persistence and learning from each experience are key to success in real estate investing!
21 Replies
- 10moJason WrayPro MemberBanker · Nationwide · Member since 2020 · 2k+ posts · 1k+ votes
Amar,
It's aways great to hear the positive feedback and success from being a part of the Bigger Pockets community. I have a lot of investors who work and live in California and it was very tough for most of them to get started, until they ventured out into other states!
Once you have a chance to look into other states like Oregon, Ohio, Indiana, Florida, Tennessee, North Carolina, and most recently New England (MA, NH,VT, MN). You can run the numbers on much better price points and overall purchase to cash flow ratios. If you live in CA you obviously earn a good chunk of change to afford the states inflated (Everything).
It can be tough to learn the right Cities, and neighborhoods that offer the bet prices and highest rents but feel free to ask. If you ever have any question about these states, best neighborhoods, or need pointers or tips feel free to check out my profile and reach out or send me an email. It's easy to chat and talk REI and I enjoy helping other Bigger Pockets members save more time and money!
- Member since 2023 · 9 posts · 12 votes9mo
Quote from @Jason Wray:
Amar,
It's aways great to hear the positive feedback and success from being a part of the Bigger Pockets community. I have a lot of investors who work and live in California and it was very tough for most of them to get started, until they ventured out into other states!
Once you have a chance to look into other states like Oregon, Ohio, Indiana, Florida, Tennessee, North Carolina, and most recently New England (MA, NH,VT, MN). You can run the numbers on much better price points and overall purchase to cash flow ratios. If you live in CA you obviously earn a good chunk of change to afford the states inflated (Everything).
It can be tough to learn the right Cities, and neighborhoods that offer the bet prices and highest rents but feel free to ask. If you ever have any question about these states, best neighborhoods, or need pointers or tips feel free to check out my profile and reach out or send me an email. It's easy to chat and talk REI and I enjoy helping other Bigger Pockets members save more time and money!
Hi Jason,
That's good to know. I am grateful to see you encouraging and helping newcomers like me. Will connect with you shortly.
Thank you.
- Developer · Palm City, FL · Member since 2018 · 326 posts · 99 votes10mo
@Amar Patil Welcome to BP!
- 10moKerlous TadresBusiness MemberRealtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
Quote from @Amar Patil:
Hello Everyone,
Hope you all are doing well.
I’m a newbee here. I have been in the industry trying to gain knowledge for about 2 years now. I have been watching bigger pocket podcasts and cannot appreciate more how valuable and useful they have been. A big thank you to the bigger pockets team. Very grateful!!!
I am based in Los Angeles, CA, have a 9-6 job and my experience includes only a wholesale of 1 property so far. I’m trying to begin building my rental portfolio.Looking forward to connecting with all of you.
Best regards,
Amar Patil
Hey Amar, welcome to BP! Congrats on doing a wholesale deal and also wanting to get into the rental property game. I would say the next steps for you are to find a market to invest in, since California is a much higher entry price point to get into. Highly recommend looking into the Midwest and setting up a CORE 4 in whatever city you choose to start investing in with a great realtor, property manager, contractor, and attorney. Happy to answer any questions. I currently own 7 doors and am looking to scale up more.
Kerlous Tadres | Reafco Real Estate541 Reviews- Member since 2023 · 9 posts · 12 votes9mo
Quote from @Kerlous Tadres:
Quote from @Amar Patil:
Hello Everyone,
Hope you all are doing well.
I’m a newbee here. I have been in the industry trying to gain knowledge for about 2 years now. I have been watching bigger pocket podcasts and cannot appreciate more how valuable and useful they have been. A big thank you to the bigger pockets team. Very grateful!!!
I am based in Los Angeles, CA, have a 9-6 job and my experience includes only a wholesale of 1 property so far. I’m trying to begin building my rental portfolio.Looking forward to connecting with all of you.
Best regards,
Amar Patil
Hey Amar, welcome to BP! Congrats on doing a wholesale deal and also wanting to get into the rental property game. I would say the next steps for you are to find a market to invest in, since California is a much higher entry price point to get into. Highly recommend looking into the Midwest and setting up a CORE 4 in whatever city you choose to start investing in with a great realtor, property manager, contractor, and attorney. Happy to answer any questions. I currently own 7 doors and am looking to scale up more.
Hi Kerlous,
Thank you for the next steps. I am learning more about building the Core-4 now. Going through all the videos to learn more about it. Do you know any good resource to grab more knowledge and/or if they have resources here on BP to find and build the Core-4 team?
- 10moMackaylee BeachPro MemberReal Estate Agent · Kansas City, MO · Member since 2020 · 1k+ posts · 492 votes
Welcome to BP and the exciting world of real estate! This is a fantastic platform for networking and making connections.
Have you set your overall financial goals yet? If not, that's a great starting point! Defining clear goals will help guide your investment strategy and keep you focused on what you want to achieve. Whether it's generating passive income, securing a comfortable retirement, or achieving financial independence, having a roadmap can make all the difference.
It's also helpful to connect with local real estate groups or mentors who can provide insights and guidance tailored to the Los Angeles market. Remember, every successful investor started with small steps, and you're already on your way. Don't hesitate to ask questions and share your experiences here—this community is a great resource for support and advice.
Best of luck on your journey, and remember, persistence and learning from each experience are key to success in real estate investing!
- Member since 2023 · 9 posts · 12 votes9mo
Quote from @Mackaylee Beach:
Welcome to BP and the exciting world of real estate! This is a fantastic platform for networking and making connections.
Have you set your overall financial goals yet? If not, that's a great starting point! Defining clear goals will help guide your investment strategy and keep you focused on what you want to achieve. Whether it's generating passive income, securing a comfortable retirement, or achieving financial independence, having a roadmap can make all the difference.
It's also helpful to connect with local real estate groups or mentors who can provide insights and guidance tailored to the Los Angeles market. Remember, every successful investor started with small steps, and you're already on your way. Don't hesitate to ask questions and share your experiences here—this community is a great resource for support and advice.
Best of luck on your journey, and remember, persistence and learning from each experience are key to success in real estate investing!
Hi Mackaylee,
Thank you for the info. That really helps!
Hi Mackaylee,
- 10moRemington LymanBusiness MemberReal Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
Quote from @Amar Patil:
Hello Everyone,
Hope you all are doing well.
I’m a newbee here. I have been in the industry trying to gain knowledge for about 2 years now. I have been watching bigger pocket podcasts and cannot appreciate more how valuable and useful they have been. A big thank you to the bigger pockets team. Very grateful!!!
I am based in Los Angeles, CA, have a 9-6 job and my experience includes only a wholesale of 1 property so far. I’m trying to begin building my rental portfolio.Looking forward to connecting with all of you.
Best regards,
Amar Patil
Welcome to the site!
- 10moAlfath AhmedBusiness MemberReal Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
Quote from @Amar Patil:
Hello Everyone,
Hope you all are doing well.
I’m a newbee here. I have been in the industry trying to gain knowledge for about 2 years now. I have been watching bigger pocket podcasts and cannot appreciate more how valuable and useful they have been. A big thank you to the bigger pockets team. Very grateful!!!
I am based in Los Angeles, CA, have a 9-6 job and my experience includes only a wholesale of 1 property so far. I’m trying to begin building my rental portfolio.Looking forward to connecting with all of you.
Best regards,
Amar Patil
Good stuff on getting started. I'd look to get started by investing in the midwest. It is landlord friendly. Ton of tech companies are investing here like intel, google, amazon. Good market for cashflow and strong appreciation.
I've got 28 units here and sold over 120 properties this year to OOS investors here. Let me know if you want to hop on a call. Happy to provide insight and perspective!
ReafCo | Ahmed Group 533 Reviews- Member since 2023 · 9 posts · 12 votes9mo
Quote from @Alfath Ahmed:
Quote from @Amar Patil:
Hello Everyone,
Hope you all are doing well.
I’m a newbee here. I have been in the industry trying to gain knowledge for about 2 years now. I have been watching bigger pocket podcasts and cannot appreciate more how valuable and useful they have been. A big thank you to the bigger pockets team. Very grateful!!!
I am based in Los Angeles, CA, have a 9-6 job and my experience includes only a wholesale of 1 property so far. I’m trying to begin building my rental portfolio.Looking forward to connecting with all of you.
Best regards,
Amar Patil
Good stuff on getting started. I'd look to get started by investing in the midwest. It is landlord friendly. Ton of tech companies are investing here like intel, google, amazon. Good market for cashflow and strong appreciation.
I've got 28 units here and sold over 120 properties this year to OOS investors here. Let me know if you want to hop on a call. Happy to provide insight and perspective!
Hi Alfath,
Thank you for sharing your info. I am a newbie and would surely like to connect and discuss further. Will message you soon. Talk to you soon.
Regards.
- 9moAlfath AhmedBusiness MemberReal Estate Agent · Columbus, OH · Member since 2022 · 1k+ posts · 1k+ votes
Quote from @Amar Patil:
Quote from @Alfath Ahmed:
Quote from @Amar Patil:
Hello Everyone,
Hope you all are doing well.
I’m a newbee here. I have been in the industry trying to gain knowledge for about 2 years now. I have been watching bigger pocket podcasts and cannot appreciate more how valuable and useful they have been. A big thank you to the bigger pockets team. Very grateful!!!
I am based in Los Angeles, CA, have a 9-6 job and my experience includes only a wholesale of 1 property so far. I’m trying to begin building my rental portfolio.Looking forward to connecting with all of you.
Best regards,
Amar Patil
Good stuff on getting started. I'd look to get started by investing in the midwest. It is landlord friendly. Ton of tech companies are investing here like intel, google, amazon. Good market for cashflow and strong appreciation.
I've got 28 units here and sold over 120 properties this year to OOS investors here. Let me know if you want to hop on a call. Happy to provide insight and perspective!
Hi Alfath,
Thank you for sharing your info. I am a newbie and would surely like to connect and discuss further. Will message you soon. Talk to you soon.
Regards.
For sure, happy to send over some resources that might help. Feel free to pm me.
ReafCo | Ahmed Group 533 Reviews
Hey Amar, welcome! Sounds like you’ve already laid a solid foundation by digging into BP content for a couple years. That alone puts you ahead of a lot of people starting out.
I started my journey the same way! Just trying to absorb as much as I could before taking action, so I get where you’re at. Doing your first wholesale is already a win, and building a rental portfolio from here is definitely doable even while working a full time job.
Looking forward to learning and growing with you here. Excited to see where you take things!
- Real Estate Broker · Atlanta · Member since 2024 · 1k+ posts · 607 votes10mo
Amar, welcome to the community and congrats on taking action early. BiggerPockets is a great place to learn and it sounds like you are already headed in the right direction. Closing your first wholesale deal is a solid start.
Don’t worry about being new, everyone here started exactly where you are. The key is staying consistent, networking with other investors and taking small steps toward your first rental. With a steady 9 - 6 job and the discipline to educate yourself, you already have a strong foundation to build on.
If you ever want to bounce around ideas or need insight on rentals, tenant screening or property management, feel free to reach out. Wishing you success as you grow your portfolio.
- 10moJimmy LieuBusiness MemberReal Estate Agent · Columbus, OH · Member since 2019 · 3k+ posts · 2k+ votes
Quote from @Amar Patil:
Hello Everyone,
Hope you all are doing well.
I’m a newbee here. I have been in the industry trying to gain knowledge for about 2 years now. I have been watching bigger pocket podcasts and cannot appreciate more how valuable and useful they have been. A big thank you to the bigger pockets team. Very grateful!!!
I am based in Los Angeles, CA, have a 9-6 job and my experience includes only a wholesale of 1 property so far. I’m trying to begin building my rental portfolio.Looking forward to connecting with all of you.
Best regards,
Amar Patil
Hey Amar, welcome to BiggerPockets and love that you’ve already been soaking up the podcasts—those were a huge help for me when I first got started too. Since you’re in LA and wanting to build a rental portfolio, I’d definitely encourage you to look into strong out-of-state markets where the numbers still make sense. I moved from Portland to Columbus, Ohio back in 2020 to invest and now own 10+ rentals here, and it’s been a great market for both beginners and experienced investors. The macro fundamentals are really strong with a ton of job and population growth, plus massive developments from Intel, Amazon, Google, Microsoft, Honda, and more. Even with all that growth, it’s still affordable and you can find properties in the $120–180K range that hit the 1% rule and cash flow well, which is a big contrast to LA. If you’re starting to build your portfolio, long-distance investing can absolutely work as long as you have the right team on the ground. Happy to connect and answer any questions you have!
Jimmy Lieu, Red 1 Realty4.9121 Reviews- Member since 2023 · 9 posts · 12 votes9mo
Quote from @Jimmy Lieu:
Quote from @Amar Patil:
Hello Everyone,
Hope you all are doing well.
I’m a newbee here. I have been in the industry trying to gain knowledge for about 2 years now. I have been watching bigger pocket podcasts and cannot appreciate more how valuable and useful they have been. A big thank you to the bigger pockets team. Very grateful!!!
I am based in Los Angeles, CA, have a 9-6 job and my experience includes only a wholesale of 1 property so far. I’m trying to begin building my rental portfolio.Looking forward to connecting with all of you.
Best regards,
Amar Patil
Hey Amar, welcome to BiggerPockets and love that you’ve already been soaking up the podcasts—those were a huge help for me when I first got started too. Since you’re in LA and wanting to build a rental portfolio, I’d definitely encourage you to look into strong out-of-state markets where the numbers still make sense. I moved from Portland to Columbus, Ohio back in 2020 to invest and now own 10+ rentals here, and it’s been a great market for both beginners and experienced investors. The macro fundamentals are really strong with a ton of job and population growth, plus massive developments from Intel, Amazon, Google, Microsoft, Honda, and more. Even with all that growth, it’s still affordable and you can find properties in the $120–180K range that hit the 1% rule and cash flow well, which is a big contrast to LA. If you’re starting to build your portfolio, long-distance investing can absolutely work as long as you have the right team on the ground. Happy to connect and answer any questions you have!
Hi Jimmy,
Columbus is one of my top 3 list. Thank you for sharing the info.
Regards.
Welcome to BP. Where in LA are you based in? I am in LA too.
How was the wholesale deal you did? Was that in LA? Share more info on it.
Quote from @Amar Patil:
Quote from @Vinay C.:
Welcome to BP. Where in LA are you based in? I am in LA too.
How was the wholesale deal you did? Was that in LA? Share more info on it.
Hi Vinay,
It was great but tedious due to homeless settlement. Took 8 months.
Yes, in LA.
@Amar Patil That's awesome. Would like to hear more about it in detail if you are open to sharing. What are you real estate aspirations now? Are still working in the Real estate world in LA?
- Member since 2023 · 9 posts · 12 votes9mo
Quote from @Vinay C.:
Quote from @Amar Patil:
Quote from @Vinay C.:
Welcome to BP. Where in LA are you based in? I am in LA too.
How was the wholesale deal you did? Was that in LA? Share more info on it.
Hi Vinay,
It was great but tedious due to homeless settlement. Took 8 months.
Yes, in LA.
@Amar Patil That's awesome. Would like to hear more about it in detail if you are open to sharing. What are you real estate aspirations now? Are still working in the Real estate world in LA?
@Vinay C. - Sure. Sent out a connection request. I am trying to analyze and find deals in LA to begin with as its more convenient.
- Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes9moWelcome Amar. If you've spent two years to get to where you are comfortable asking questions, it's time to team up with someone and get the ole' buying process started.
Quote from @Amar Patil:
Hello Everyone,
Hope you all are doing well.
I’m a newbee here. I have been in the industry trying to gain knowledge for about 2 years now. I have been watching bigger pocket podcasts and cannot appreciate more how valuable and useful they have been. A big thank you to the bigger pockets team. Very grateful!!!
I am based in Los Angeles, CA, have a 9-6 job and my experience includes only a wholesale of 1 property so far. I’m trying to begin building my rental portfolio.Looking forward to connecting with all of you.
Best regards,
Amar Patil
- Member since 2023 · 9 posts · 12 votes9mo
Quote from @Ken M.:
Welcome Amar. If you've spent two years to get to where you are comfortable asking questions, it's time to team up with someone and get the ole' buying process started.Quote from @Amar Patil:
Hello Everyone,
Hope you all are doing well.
I’m a newbee here. I have been in the industry trying to gain knowledge for about 2 years now. I have been watching bigger pocket podcasts and cannot appreciate more how valuable and useful they have been. A big thank you to the bigger pockets team. Very grateful!!!
I am based in Los Angeles, CA, have a 9-6 job and my experience includes only a wholesale of 1 property so far. I’m trying to begin building my rental portfolio.Looking forward to connecting with all of you.
Best regards,
Amar Patil
Thank you, Ken! Working on that now.
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