New Member - Orange County, CA - looking to help if I can

5 Replies

Hi all,

My name is David Chung and I'm a new member here on BiggerPockets! I'm a licensed Realtor in Orange County, CA, and have been since 2003, however I've never really used my license for real estate sales - it was just a way for me to look at the MLS. I've been working in mortgage servicing for most of my career. I worked for a subprime lender from 2004-2006 in their REO dept, and later I worked at Fannie Mae, also in their REO dept until 2015. Currently I'm working for a crowdfunder in underwriting.

I'm also in the process of selling my first rental in OC, I'll post details about that elsewhere.

I joined BiggerPockets to learn more about investing personally as opposed to on a corporate level. This is more important lately for me as I find myself wanting more to get into the financial independence mode, and having listened to the podcast am now interested in trying to BRRRR with lower cost assets than what's available around me. As I'm learning, I'm happy to lend my experience in underwriting private money and corporate real estate management and dispositions where I can and where it makes sense. I'd love to learn more about tax liens and investing out of state, so I'll look for posts about those topics.

Additional Bio info:  I'm also an MBA from UCI and a CA notary public.

It seems like you've got the knowledge and are in a good position.  The only thing I might suggest is holding off on selling your OC rental until you have the next property lined up so that you can do a 1031 exchange and defer some taxes.

Thanks Aaron! I lived in the rental for three of the past five years, so I should be able to take advantage of that $250k tax break on capital gains, which should be plenty to cover my equity gains.

Hello! @David Chung

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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