New Member: Southern California girl!

New Member Introductions
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New Member: Southern California girl!

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Member since 2008 · 9 posts · 0 votes

Hey Everyone!

Just surf'n the web and found this place. I am here to read up and see what's it all about.

I'm a Consultant who was born and raised here in Southern California.
I am very new to real estate. I'm in my late 20s and I feel that I have saved quite a lot for my age and I am ready to invest. I have been saving my whole life to buy my dream home! But for now, I'm looking to invest. =)

I'm not sure if I should find a foreclosure, flip, purchase and rent out, or even buy out of state. California is just crazy with prices and I honestly don't know what to do. I don't know where to start. I've been reading tons of books like Rich Dad Poor Dad, Foreclosure for Dummies, etc. And I'm still clueless on what I should do. I need helpful advice from those with Southern California investment experience!

So I'm welcome to any advice you all may have. =) :D

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  • Jason Shaffner
    York, PA · Member since 2008 · 227 posts · 0 votes
    19y

    Sarina,

    Welcome to BP. :welcome:

    Spend some time reading and asking questions on here and you'll figure out where your REI interests are.

    Glad to have you here.

    Good Luck,

    Jason

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  • Jon Holdman
    Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    19y

    Welcome, Sarina,
    Lots to learn from the folks here. Ask away with your questions and read through the articles and old posts. Don't rush into anything too quickly, spend some time learning first.
    Jon

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  • Anthony Sulecki
    Real Estate Investor · Millsboro, DE · Member since 2008 · 480 posts · 26 votes
    19y

    How about wholesaling? Maybe you could hook up with someone in your area who is doing what you want to do. This is going to sound a little odd, but when I started, I ran an ad in a local paper asking if investors would be willing to help me out. Even though I didnt go the route of rehabbing homes, (which seems to be what most do in this area) I still got real world experience from it. I talk with one of the people who responded to this day, even though we havent seen each other for atleast a year. Just an idea for you.

    IMO, your contracts will be the most important thing. Everything else can be ironed out. I just got a joint venture contract that I use to get around lender seasoning, and a few other things; its priceless in my eyes.

    Anyway, try to hook up with likeminded people in your area, and start looking into contracts for whatever you choose to do. Pm me if you want, and ill explain a little more about how I do things.

    Later tater!

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  • Richard Warren
    Real Estate Investor · Las Vegas, NV · Member since 2008 · 1k+ posts · 447 votes
    19y

    Hi Sarina, welcome to BP! If you aren’t sure which way to go you should just keep doing your research. At some point something will just feel right, that’s the direction to go in.

    8)

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  • Dick Green
    Residential Real Estate Broker · Conroe, TX · Member since 2008 · 1k+ posts · 43 votes
    19y

    Welcome to the forum. I've been watching that California market. The good news is that even during the current turbulance, there's gonna be some solid, stable areas. Starting out, I would avoid high risk projects. If you are currently renting, you might want to make your first purchase something with strong equity that you can live in for a short time. Sometimes you can find solid values close to the higher ranking high schools in your area, (per academics).

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  • Calixto Urdiales
    Residential Real Estate Agent · Los Angeles, CA · Member since 2008 · 1k+ posts · 9 votes
    19y

    Hello there Sarina-

    Just keeping the welcome wagon going and I hope you find out everything you need to know about REI. Thanks and have a wonderful time surfing through our forums that have a wealth of knowledge just waiting to be ingested. Hope to hear from you soon!

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