Beginner Investor in Palm Springs, CA - Flips & Rentals

Beginner Investor in Palm Springs, CA - Flips & Rentals

Palm Desert, CA · Member since 2017 · 52 posts · 11 votes

Hi BP community!

My name is Sean in Palm Springs, CA, and I'm brand new to investing. I've been interested in real estate since 1999, but never had the info, direction, money, nor time to invest... story of my life, still to this day. Anyway, I have a wonderful wife and two children, and I'm looking for a better life for all of us. I'm almost 50 years old, working 2 jobs, 6 days a week (was 7), and I'm getting tired of getting no where in life. I've always loved real estate, and know this is the way to go. I'm very detailed oriented, which is why it takes me so long to get started in anything as I feel I have to know everything first, to avoid all the mistakes. Anyway, i want financial wealth and freedom for my family. I work just make ends meet. We have no money saved up, and our credit isn't that great, but we're still hopeful of change. I'm hungry to be on top, just don't know the actual steps. I've read some books, and watched tons of YouTube and BiggerPockets videos. I'm also studying for my real estate license. I would love to talk to all of you out there that have been where I have. I know I need to do creative financing. I would like to flip some real estate, and build up enough to start renting. I'm really anxious and excited to get started, but don't know exactly what to do first. I keep hearing 'take action', but I don't want to make a mistake. I don't yet know how to analyze the numbers for a deal, or the legal docs involved. Any advice or support would be appreciated. I want to thank BiggerPockets for their website, and this opportunity to communicate with others that love real estate. Thank You All!

I look forward to doing more on this site. 

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  • Trexie E.Pro Member
    BiggerPockets Support · Davao, Davao del Sur · Member since 2015 · 937 posts · 163 votes
    8y

    Hey @Sean K.

    Welcome to BP! We're so excited you're here and making connections. I highly suggest you to read, "The Ultimate Beginner’s Guide to Real Estate Investing". We wrote it with the beginner in mind. It’s an excellent place to start, and can answer many of your questions. You are in the right place to learn all about real estate investing! Best of luck! :)

    BiggerPockets
  • Palm Springs, CA · Member since 2015 · 57 posts · 6 votes
    8y
    Welcome to the BP community!! I live in the Coachella valley as well. Let me know if you ever want to get together for some coffee to chat.
  • Palm Desert, CA · Member since 2017 · 52 posts · 11 votes
    8y

    Thank you very much for your responses. I'll definitely be in touch soon. I want to become a pro-member as soon as I can. 

  • Rental Property Investor · Cleveland, OH · Member since 2015 · 1k+ posts · 880 votes
    8y

    Welcome @Sean K., I hear you, the 9-5 job doesn't always take care of all the bills at home. REI definitely helps you gain financial wealth while getting to the enjoy freedom. Sometimes its just the first deal to get you going and the rest happens.

  • Palm Desert, CA · Member since 2017 · 52 posts · 11 votes
    8y

    That's so true Matt. I'm hoping for a first deal that will get the ball rolling. I actually have the 8am to 5pm job, followed by the 5:30pm to 10pm job,  6 days a week, so I hope it gets better.

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