New REI from Los Angeles

[Ethan Edwards]

Hello Everyone;

I've relatively new to REI. I joined BP a few months ago and have been reading the vast amounts of info here. I'm mostly interested in buy and holds, multi-family units and flips. I had the chance to attend one of the meet ups here and I was impressed with the range of people that came out. I will definitely be attending the next meet up. I have recently invested in a house flip to gain some knowledge in that area and have been able to see the process up close and in action.

I do have a mildly funny story I'd like to tell.

So I attended a Rich Dad, Poor Dad RE seminar this past weekend and I went in there with the fore knowledge it was basically a sales pitch to buy their continuing classes.  However, being new to RE I figured I might learn something.  Well day 1 the speaker gave out about 3 pieces of actual information that was useful and the rest was pointing out how we knew nothing and should listen, it was an 8 hour day.  So I listened and I kid you not on day 2 the speaker not only said word for word the tool box analogy I've heard in the videos here on BP, she also said driving for dollars is for stupid people cause no one really does that.  I figured at that point I had gotten all I would out of the seminar and left. I mean she's quoting a better, cheaper source of information so I did not go back the day 3. In their defense I will say that they do know what they are talking about, though very stingy on giving out any real information and anyone that wants to spend big dollars for a one stop shop then they are it.  However my take away from all that is I can learn it here on BP for much less.

Looking forward to gaining more knowledge and meeting other RE investors as my career moves forward.

[Bradley De comarmond]

Welcome to Bigger Pockets @Ethan Edwards

That's funny about the Rich Dad seminar. All I hear is the same which is why I love the BP community and resources so much.

Like you, I am living in Los Angeles (weho), but I focus on investing out of state for the 3x cash flow and reasonable cost of real estate.

If you have any questions about out of state investing, please connect with me and good luck on your journey!

- Brad