Southern California REI Beginner

[Johnny Garcia]

Hello All-

First Time poster.  After 10 years in the Loan Servicing world analyzing Short Sales, FCs, BKs and REOs for Fortune 500 companies, I decided it was time to try to make the move to Real Estate Investor and try to make my own fortune. I currently have a partner who is a General Contractor and we have a decent amount of start up capital for down payments on Hard Money loans and Repairs.  We are interested in starting out as Flippers with a longer term goal of holding on for Rentals.

I have done a lot of research over the last year and the one thing I have come to realize is that experience is what allows people to succeed in this market.  That being said, I am looking for existing investors that would be willing to share their experience on successes and pitfalls.  Basically, looking for a mentor to help guide us in the right direction and be successful.

I have been reading BP for awhile now and it's obvious you guys know your stuff.

Any advice or help you guys can provide is greatly appreciated.

Johnny

[Paul Timmins]

@Johnny Garcia

Welcome.

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). You can Google to locate them and go to 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

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