Real Estate Novice from Santa Monica, California

Real Estate Novice from Santa Monica, California

Santa Monica, CA · Member since 2016 · 4 posts · 2 votes

Hi! I'm Alex- I'm 27 and I live in Santa Monica with my wife. I'm getting pretty interested in real estate- I'm definitely new at it, but I'm a smart guy, a solid worker and I'm ready to learn and tackle this. Looking to connect with other like-minded people who are already experienced, trying this out or hoping to get started too.

I'm into most aspects of real estate and just trying to get familiar with all of the options out there and dive in. I've mainly been looking into fix&flips and wholesaling and trying to get a feel for what's actually possible in the LA area. 

I'm considering going for a real estate license as well, but that may be down the road. I work from home at the moment so I've got a flexible schedule and I'd really like to get some other sources of income going. Anyone else out there who wants a trainee and/or newbie partner, feel free to reach out!

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Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
10y

@Alex Balagna

Welcome. Fill in 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 100 past ones to catch up on.

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 rehabbers (cash buyers). Find them through Google and meetup.com

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

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

Couple good reads

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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  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    10y

    @Alex Balagna

    Welcome. Fill in 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 100 past ones to catch up on.

    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 rehabbers (cash buyers). Find them through Google and meetup.com

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

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

    Couple good reads

    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 

  • Houston, TX · Member since 2013 · 1k+ posts · 114 votes
    10y

    Hi And Welcome To Biggerpockets @Alex Balagna

  • Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    10y

    Hey Alex! I'm next door to you, in Venice. I only deal with out-of-state properties, but I am a licensed agent in CA too. Glad to meet a fellow neighbor!

  • Real Estate Agent · Los Angeles, CA · Member since 2015 · 201 posts · 82 votes
    10y
    Alex Balagna Welcome to BP! You have come to the right place. Don't hesitate to reach out!
  • Santa Monica, CA · Member since 2016 · 4 posts · 2 votes
    10y

    @Ali BooneHey Ali- thanks for reaching out! I may technically be Santa Monica, but my wife and I are right near the Venice border and we've got a few dream homes over there, so we can almost claim Venice, right? Haha.

    I checked out your site and you've definitely piqued my interest in turnkey properties! So much to explore in the world of real estate. Thanks again for the note- good to meet you!

  • Santa Monica, CA · Member since 2016 · 4 posts · 2 votes
    10y

    Thanks @Eric Dowling! I'm loving BP- been at it one day and it's fantastic.

  • Equity Raiser and Turnkey Provider · Cleveland, OH · Member since 2016 · 4k+ posts · 1k+ votes
    10y
    Originally posted by @Alex Balagna:

    Hi! I'm Alex- I'm 27 and I live in Santa Monica with my wife. I'm getting pretty interested in real estate- I'm definitely new at it, but I'm a smart guy, a solid worker and I'm ready to learn and tackle this. Looking to connect with other like-minded people who are already experienced, trying this out or hoping to get started too.

    I'm into most aspects of real estate and just trying to get familiar with all of the options out there and dive in. I've mainly been looking into fix&flips and wholesaling and trying to get a feel for what's actually possible in the LA area. 

    I'm considering going for a real estate license as well, but that may be down the road. I work from home at the moment so I've got a flexible schedule and I'd really like to get some other sources of income going. Anyone else out there who wants a trainee and/or newbie partner, feel free to reach out!

     Hello Alex,

    Welcome to BP and REI! It sounds like you are really getting your plans ready for some good investing! This site is great to learn more about all kinds of investing. Have you only been looking into your local market. or have you looked into other markets?

     Let me know if you have any questions.I wish you the best!

    Happy investing!

  • Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    10y

    I'd say you can claim it, for sure! :) That's awesome. And oh, yes, I may share some of those dream houses with you. Lol.

    Awesome! Glad you checked it out. Reach out anytime...happy to help!

  • Investor · Los Angeles, CA · Member since 2014 · 180 posts · 72 votes
    10y

    Welcome, @Alex Balagna! I'm 27 and live in DTLA. I'm currently building a land flipping business that isn't based on the SoCal market. Definitely check out all of the podcasts and dive into all the forums!

  • Investor · Scottsdale, AZ · Member since 2008 · 281 posts · 113 votes
    10y

    @Daniel I.I love land. If you ever have any land wholesale you'd like to flip let me know. 

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