Newbie Investor to biggerpockets from North Hollywood, CA

Newbie Investor to biggerpockets from North Hollywood, CA

North Hollywood, CA · Member since 2016 · 1 post · 1 vote

Hi my name is Daniel,

I am a 38yo father looking to replace my earned income over time. Just like you folks, I am here to introduce myself and network with other fellow investors.  Since I was working nightshift as a new graduate out of college, I realized I was working way to hard for my money and was not going anywhere fast as a single man in his early 20's. In 2002, I came to realize how does one support a family with these long hours of working fulltime at night?  Unsustainable.

After reading books and studying the rich,  I was curious about RE.  Never really had a mentor, I just went to my local RE club meetings and tried to get advice and ideas on how to create wealth. And in 2002 I bought my first property.  It was $30,000 a condo in Texas and I caught the RE investment bug. 

16 years later I have a loving wife and 2 little munchins, I want to take my RE investing to the next level. I listen to these guest on BP podcasts and am amazed at their accomplishments and commend them for being successful in RE. I to want that for me and my family.  Balancing out our family finances is a constant thought in my head-always looking where I can cut costs to save more for buying properties.  How I can optimize my buy and hold investment strategy and study other individuals who have similar situations.  These questions and others have brought me to BP forums. 

Anyone that can relate, please chime in.

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  • Jo-Ann LapinPro Member
    Loan Officer · Tustin, CA · Member since 2015 · 3k+ posts · 713 votes
    10y

    Welcome Daniel and thank you for introduction. Happy to network and assist. Are you looking to invest in CA?

  • Pasadena, CA · Member since 2016 · 29 posts · 4 votes
    10y

    hey daniel if you want to network i suggest you come to the sizzler in van nuys every wednesday at 11:30

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

    @Daniel Ranchez

    Welcome time to build the legacy.

    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

    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.

     Consider the No Money Down book by Brandon Turner

    http://get.biggerpockets.com/nomoneydown/

    Paul

  • Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
    10y

    @Daniel Ranchez

    Welcome to Bigger Pockets.

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