New realtor in California ( Los Angeles)

4 Replies

Hello,

I am new to Real Estate ( although I've had my license for a year). I am in the process of filing bankruptcy and I substitute three days a week. I want to know what is the best way to use the money I make working for a broker to become a real estate investor? I want financial freedom and I live in Los Angeles. I would like to own property here and in Northern California, as well as some out of state properties. Getting into RE as an agent is very intimidating, let alone becoming a REI, so what is the best way to find buyers, sellers, and investors in this economy? What is the best way to find foreclosure, tax lien, and short sale auctions ( full and accurate listings) as I figured it would be more affordable utilizing those listings? Thanks for the help , it's greatly appreciated.

@Mercedez H. Realtor from Los Angeles, CA

Mercedez, the best thing for you to do,  since financing is tight. You can find buyers, sellers, and Investors thru Open Houses.....PERIOD, do them the days you are not working as a substitute. Reach-out thru your broker, or office Manager and ask to help out or inquire about Open Houses. 

As for liens, etc. You can find out info thru Title Co. they can provide that to you. 

Anyhow, Hope this helps. Good Luck!

-Rudy Vazquez

Originally posted by @Rudy Vazquez :

@Mercedez H. Realtor from Los Angeles, CA

Mercedez, the best thing for you to do,  since financing is tight. You can find buyers, sellers, and Investors thru Open Houses.....PERIOD, do them the days you are not working as a substitute. Reach-out thru your broker, or office Manager and ask to help out or inquire about Open Houses. 

As for liens, etc. You can find out info thru Title Co. they can provide that to you. 

Anyhow, Hope this helps. Good Luck!

-Rudy Vazquez

 Thank you so much!! I really appreciate your advice!

Contact your sphere of influence, all of your friends and family should know what you do. Utilize open houses and door knock regularly. If you do this everyday you will learn and get business. It may take time, but you will get business, period. Open houses and door knocking ( farming an area ) will lead to more traditional real estate transactions. If you are more interested in distressed homeowners I'd recommend door knocking NOD lists which you can get from a title company or property radar. When you make money, save it, and eventually you will learn to invest in Real Estate in a fashion that works for you.

Hello! @Mercedez H.

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent.

There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I love answering questions if you have any! Good Luck :)

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