New Investor in Los Angeles

[Miles Bennett]

Hi all, 

I'm jumping into real estate for the first time at 26 years old in Los Angeles, CA. I'm partnering with my great friend and roommate from Syracuse University. 

I have a corporate 9-5 job that allows me to save money, but doesn't afford me too much free time. My partner is independently wealthy, with free time and money that he wants to start working for him. We are currently renting, and looking to possibly start with a house hack (though affordable multi-family properties are few and far between in LA, so we aren't expecting our prospecting process to be short). 

I just read Brandon Turner's book "The book on investing in real estate with no and low money down" which led me to Bigger Pockets. Of course at this state the name of the game is LEARN - which I have been doing through every book I can get my hands on.  

I'm excited to start some discussions here on the forum to learn from the veterans and with the newbies. Any words of wisdom or simple hellos are always welcome! 

[Brandon L.]

Hello! @Miles Bennett

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 :)