Newbie from SoCal-South Bay

13 Replies

Hi Everyone!

I'm really excited to put out my first post. My younger brother introduced me to this site a couple of months ago.  At first I just kind of poked around on the site, reading a couple of articles here and there.  But then I started listening to the podcasts and I was hooked!  There is so much to learn! 

I even went to my first REIC meeting last night! I felt scared and nervous, but so happy I went. I'm planning on going to another one next week.

My experience in real estate thus far is managing a family owned apartment complex and small retail center. And in college, I guess I was a landlord as I rented out rooms in my house to other students.

Right now my main interest is in becoming an investor in SFR and multifamily complexes to buy & hold rentals. I'm also interested in flipping. As someone who has spent most of her life in southern California, I realize how expensive property can be here. I would be open to investment opportunities out of state. Having said that, I have done no research (yet) on where I'd be comfortable investing, but just thought I'd put it out there.

Thanks Bigger Pockets for the opportunity to learn, grow, share and network!

Charmaine Williams

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@Charmaine Williams

Hey welcome to BP. or maybe at least the forum side of BP. As I was reading your message I couldn't help to think you already have a good amount of experience and are probably ahead of the game for most. Anyways, good luck investing. Feel free to reach out. 

In the meantime here are 7 tips to help you grow your business using BP:

1. New to BP?
http://www.biggerpockets.com/starthere

2. Develop your own business strategy. -- Don’t just be a “jack-of-all-trades"

3. Grow your business by developing your business plan. - Remember there is a difference between goals and a plan.
http://www.biggerpockets.com/files

4. Locate and attend several different local REIAs as they’re great opportunities to network and meet wholesalers, lenders, and contractors.

5. Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

6. Spend 30 minutes a day on Bigger Pockets by connecting with “colleagues,” perusing blogs and videos, and engaging with others on the forums:
http://www.biggerpockets.com/meet

7. Set yourself up to receive free alerts to be notified of subjects that interest you:
http://www.biggerpockets.com/alerts

Andrew

Hey @Charmaine Williams   welcome to BiggerPockets! It is great to have you and please feel free to jump in the community - there are certainly great people around here!

And oh, learn how to use BiggerPockets to grow your business by checking this quick guide: http://www.biggerpockets.com/biz

See you around!

Hey @Charmaine Williams  welcome to BP! I'm glad you're enjoying the podcast. You should definitely start jumping right in the forums! Also, if you haven't yet, try to setup some "Keyword Alerts." It's great for getting into local conversations.

Also - here's a couple articles you might enjoy:

The 21 Best Real Estate Investing Books Ever

How to Rent Your House: The Definitive Step by Step Guide

How to Be a Landlord: Ten Tips for Success

See you around the site!

Hi Jerry,

I have considered it. However, I don't think it's something I want to do right now.  I have kids that would have to be uprooted and would rather have them stay put for the short time that they have with me until they're off to college (I hope).  It'll definitely be a consideration after they're gone. Thanks for the suggestion.

Welcome! Palos Verdes, huh? I've gone down there for a good bit of hiking and I fly over it quite a bit, but I definitely hit LB a good bit as well. I'm up in Venice Beach. 

Great to see more SoCal-ers on here! I've always invested out-of-state as well due to the prices here.

@Charmaine Williams  

Welcome. Consider returning to student housing see below. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 70 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

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