Ready to Dive in! Newbie out of Orange County CA

6 Replies

Hello BP my name is Amar Woods and I've been researching real estate hard (i.e. YouTube videos, books, everything Bigger Pockets(books, webinars, forum, podcasts, etc...) it took some time to convince the wife but I I'm ready to get in the game. I'm a stock trader out of Orange County, CA by trade but after 13 years or so in the financial sector I'm plotting my escape. Mind you I'm realistic about real estate investing and know I might yet be in my current gig for a few more years while I ramp up; my knowledge, my network and my capital but I'm committed for the long haul.

My initial foray will be into the more affordable markets in California(if there are any) as a wholesaler. Even though many people online have said being a wholesaler is a great way to dip you toe into real estate, am I under no illusions that it will be easy. But for me becoming a wholesaler seems to get to the heart of the real estate investment game. From what I gather "deal flow" is the life blood of any successful real estate venture and wholesalers are on the frontline of finding and creating deals. They market to scare up leads, they negotiate with both buyers and sellers, they utilize contractors and inspectors during due diligence, and they build networks to support their endeavors.

I personally want to progress as organically through real estate as possible from wholesaling to buying(or developing) multi unit commercial properties. That said I want to be aggressive and as I bring in deals with my marketing efforts I'll need partners/mentors to guide me through the process. And of course I won't expect the education for free or without effort and would be more than happy to split deals.

I loved this community before I joined it and am eager to learn and contribute in equal parts. Everyone have a great weekend, cheers!!.

Amar Woods

Hi Amar. I'm not terribly familiar with the Orange County market, but my son lived in the area there for a while. (A marine stationed at Camp Pendleton.) I've heard Cali can be challenging. I wish you the best.

As a fellow newbie, I understand what you mean about progressing organically. I'm taking a similar approach. I think we all end up refining our strategies as we learn. 

As a stock trader, you have experience in risk management so it sounds like you bring a great skillset to the table. 

Oh, and since I live in Wisconsin, I'll try not to be jealous of the southern California weather you have. :)

Welcome to BP.

Hey man welcome to real estate! Wholesaling in California(especially orange county) can be difficult but the spreads can make it worth it. If that's what you want to focus on, always remember deal flow and the amount of offers you make is the key to everything. You will have to deal with a lot of No's but that yes is worth it in Cali. Also we host a meetup in Newport every month so if you wanna come out that would be great! next one should be december 10th! I'll make a post with more info in a few days. Good luck with everything man!

Welcome to BiggerPockets! Truly nice to meet you. Good luck going forward! 😁 Getting the wife onboard is one of biggest steps. They can either help you pull the dream along or add extra weight for you to pull. 

And then jumping in the pool to get started. Hope the best for you! 

I appreciate the encouragement guys, I know California will be a challenge and I'm looking forward to it with relish. But I won't be captive here for long I'm betting, after I get maybe 10 wholesale deals and say 4 BRRR deals under my belt I'll be trying to expand my ambitions domestically.

Originally posted by @Amar Woods :

Hello BP my name is Amar Woods and I've been researching real estate hard (i.e. YouTube videos, books, everything Bigger Pockets(books, webinars, forum, podcasts, etc...) it took some time to convince the wife but I I'm ready to get in the game. I'm a stock trader out of Orange County, CA by trade but after 13 years or so in the financial sector I'm plotting my escape. Mind you I'm realistic about real estate investing and know I might yet be in my current gig for a few more years while I ramp up; my knowledge, my network and my capital but I'm committed for the long haul.

My initial foray will be into the more affordable markets in California(if there are any) as a wholesaler. Even though many people online have said being a wholesaler is a great way to dip you toe into real estate, am I under no illusions that it will be easy. But for me becoming a wholesaler seems to get to the heart of the real estate investment game. From what I gather "deal flow" is the life blood of any successful real estate venture and wholesalers are on the frontline of finding and creating deals. They market to scare up leads, they negotiate with both buyers and sellers, they utilize contractors and inspectors during due diligence, and they build networks to support their endeavors.

I personally want to progress as organically through real estate as possible from wholesaling to buying(or developing) multi unit commercial properties. That said I want to be aggressive and as I bring in deals with my marketing efforts I'll need partners/mentors to guide me through the process. And of course I won't expect the education for free or without effort and would be more than happy to split deals.

I loved this community before I joined it and am eager to learn and contribute in equal parts. Everyone have a great weekend, cheers!!.

Amar Woods

 Welcome aboard Amar.

Welcome, I am new around here as well. I am here in SoCal as well and man, is it challenging here. I am still learning and researching but at one point I will have to, as you say "dive in"! good luck to us!

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