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Updated about 7 years ago on . Most recent reply

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Frank Lin
  • Los Angeles, CA
3
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14
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New to Bigger Pockets!

Frank Lin
  • Los Angeles, CA
Posted

Hello BP!

My wife and I are new on here. We live in Los Angeles, CA. We are looking to invest in some buy and hold multi-units. (Most likely out of state. Considering AZ or MO)   We are on here looking to learn and network. We look forward to speaking with the community!

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485
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Ken Breeze
  • Investor
  • Phoenix, AZ
384
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485
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Ken Breeze
  • Investor
  • Phoenix, AZ
Replied

Hey @Frank Lin , Welcome to the tribe!

Definately check out any and all the forums, books, podcasts and tools here on Bigger Pockets. This community is amazing and nationwide multifamily real estate investing is what I do all day ;-)

BTW, you may or may not already be practicing this strategy but save your time driving to places you probably won't buy anyway. It not only helps save time, money and the boring drive - even though I'd listen to tons of podcasts on the way ;-) - but it also focusses you on the very important phase of analysis and not getting emotionally attached when looking for an investement property. I never travel to a property unless I reach the due diligence phase and intend to close on a deal.

Also start reaching out to out of state brokers on Loopnet.com to establish and grow relationships with them. They know their markets, provide you with intel you need for your evaluations and do the lead gathering for you. These websites are also a great source to gain knowledge about so many things needed to make educated descisions.

It's funny you mention Arizona, we might want to connect here on BP to exchange a few thoughts and more specific ideas and perhaps even collaborate. Feel free to PM me to continue a discussion. Cheers, Ken

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