Hello im a newbie, Intro

3 Replies

Hello everyone!

My name is Alvaro. Just wanted to introduce myself for my first post.

I currently live in Orange County, CA, i'm a Marine Corps Vet and a full time student at the moment. Im an aspiring RE investor. My goal is to find and buy my first Rental property this year. I'm looking to invest in out-of-state since CA prices are way to high for my pockets. I have listen to tons of BP podcast and I am currently listening to Long-Distance Real Estate Investing by David Greene. If anyone has any advice or know of any RE Meetups in OC I would love to hear about them and possibly connect. 

I look forward to connecting with everyone and seeing all the great things the BP community has to offer.

 Thank you :)!

@Alvaro Hernandez

Welcome to the BP family! Good to have you here!

Here are some recommendations for you:

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Wishing you the best! 

Welcome, Alvaro. Thank you for your service and congratulations on taking the first steps towards REI and financial freedom.

While CA can be a tough market, you have a few powerful tools at your disposal many do not. While still on active duty, you have BAH which can be put towards a mortgage just as easily as rent. 

You also have access to and qualitative for a 0% down and 3.5% interest VA loan.

If you put that towards the purchase of a 3-4 unit building you intend on living in and renting out the other apartments, California real estate investing is well within your reach.

I regret putting these terrific benefits to work while I was in the Army. Best of luck! 

@Alvaro Hernandez

Welcome to Bigger Pockets!

This is a great place to learn and network. A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

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