Hey, I'm going to keep it short but i'm new to real estate and biggerpockets. I am currently a Business Student at USC looking for advice in real estate. I want to learn as much as possible about multifamily and love talking real estate. With Costa Hawkins being voted on along with state taxes does it make sense to buy in LA? Any advice helps. Appreciate it.
Hey @Hunter Douglas Welcome to BP! I am unfamiliar with Costa Hawkins (rent control?). I'd suggest searching the forums regarding that situation.
In the meantime, here are resources for I recommend for newcomers:
If you haven’t already listened to the podcasts I’d start there.
Episode 108 - Grant Cardone... Just listen…
Episode 283 Paul Thompson - Quite a new episode but I would think everyone would agree this is a top episode. Mainly, the systems implemented are fascinating (VA, automated offers, etc.) Plus...escape velocity...
Episode 113 – Jay Papasan - Very practical slow and steady advice
Episode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k
Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.
Tax Reform Update – Brandon Hall and Amanda Han
BP Calculators or spreadsheets uploaded by members
My Favorite Books
I have to say all of the BP books…right? :)
The Millionaire Next Door
The Millionaire Real Estate Investor
What Every Investor Needs to Know About Cash Flow
Hope this information can give you a good start. Feel free to reach out with any questions.
You're the man! Thanks for all the info, and was wondering, how is real estate investing in North Carolina?
@Hunter Douglas Not a problem! Prices are high when compared to rent. But nothing like LA! Ha!
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