Newbie Investor from Fresno, California

Newbie Investor from Fresno, California

New to Real Estate · Fresno, CA · Member since 2015 · 8 posts · 2 votes

Newbie Investor here, Jeffrey Tripp, to get my name started on the forums. I am looking for some general advice and to get to know everyone on the forums.
I am currently working full time as a Commercial/ Industrial electrician. My partner and I got our business license to begin working as a general contractor with the intent of building a network that will help us on our end goal of our partnership. The end goal in mind is to invest in real estate and build a large portfolio, evolving the company into something more than just being a general contractor.

As an electrician, being in the trade and usually keeping a steady paycheck, you need to travel long distances every day. During an 8 month long job that was 2.5 hours one way, I carpooled with my foreman. During this time in 2014, my foreman bought a duplex and was house hacking his way to financial freedom. During the long drive to and from work, all he listened to were podcasts and an occasional book. At first, the only way to describe it, was that the listening was a bit awkward. Then they got interesting, and I heard bits and pieces of "Rich Dad, Poor Dad" , The Tim Ferris podcast & Bigger Pockets podcast. 4 years later, I bought Robert Kiyosaki’s book, "Rich Dad, Poor Dad". and listened to the BP podcast.

After listening to episode 300 on the Bigger Pockets podcast, Brandon Turner, David Greene & Joshua Dorkin have inspired me to finally move forward and ask for a new community to take me in. Lets grow together!

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Real Estate Agent · Fresno, CA · Member since 2014 · 368 posts · 174 votes
6y

thanks for the shout out @Darryl Putnam !

Hey @Jeffrey Tripp, welcome to BP, it's where I got started too.  Lots of valuable info here.  If you ever want to sit down or have a phone call to talk Fresno RE just let me know, it's always a good time.  Good luck! 

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  • Member since 2019 · 1 post · 0 votes
    6y

    @Jeffrey Tripp I’m in the same boat newbie investor from Modesto California, if I find any deals in Fresno can I send them your way?

  • New to Real Estate · Fresno, CA · Member since 2015 · 8 posts · 2 votes
    6y

    @Victor Escarcega you sure can.

  • Bill HamptonBusiness Member
    Accredited Investment Fiduciary, AIF®, Financial Planner, Tax Strategist, Real Estate Investor · Atlanta, GA · Member since 2012 · 2k+ posts · 979 votes
    6y

    @Jeffrey Tripp

    Welcome to Bigger Pockets. We are here to help. 

    Good luck on your real estate journey. 

    Hampton Tax and Financial Services LLC4.7106 Reviews
  • DJ DawsonBusiness Member
    Real Estate Agent · Sacramento, CA · Member since 2015 · 394 posts · 259 votes
    6y

    what up @Jeffrey Tripp!! 

    Good thing is you have great experience in one of the most difficult trades to hire out! (that and plumbing, IMO) 

    What you can do now to better position yourself for a future deal is to get yourself in contact with as many trades workers in your area to hire out for jobs. Best case scenario for any project (we talking flips here) would be to sub out as much work as possible.

    Hard money lenders are a great starting point to see what your barriers of entry are when it comes to getting your foot in the door on a deal (money)

    Congrats on taking the first step in your REI journey! Now time to take the NEXT one! :)

  • New to Real Estate · Fresno, CA · Member since 2015 · 8 posts · 2 votes
    6y

    @DJ Dawson Thanks for the advice! This is one of my plans to move forward with for my future with investing. I beleive, that right now seems like things are shifting in the industry and being an investor with a general contracting company as your own will put you at the top.

  • DJ DawsonBusiness Member
    Real Estate Agent · Sacramento, CA · Member since 2015 · 394 posts · 259 votes
    6y

    @Jeffrey Tripp absolutely man, I know a couple high performing agents in Fresno that can help you out with your search for a property when the time is right! But like you mentioned being your own GC is the dream scenario!

  • Investor · Mountain View, CA · Member since 2016 · 40 posts · 25 votes
    6y

    @Jeffry Tripp welcome to BP.  Fresno is a great area to start investing.  Reach out to @Jeff Zimmerman he is an amazing guy. Very knowledgeable and a fellow investor. 
    Being a General Contractor definitely has its advantages. 
    Good luck 

  • New to Real Estate · Fresno, CA · Member since 2015 · 8 posts · 2 votes
    6y

    @Darryl Putnam Thanks for the recommendation!

  • Real Estate Agent · Kansas City · Member since 2018 · 4k+ posts · 3k+ votes
    6y

    Definitely doing flips to build capital is great. If you could house hack a 2-4 unit place too that'd start your portfolio. Best of luck, you got a great network to help you.

  • Investor · CA · Member since 2019 · 56 posts · 25 votes
    6y

    @Jeffrey Tripp Welcome to BP. It seems like a simple thing but reaching out in BiggerPockets about getting started as a real estate investor is a great first step. Congratulations and I wish you a ton of success.   Feel free to message me with any questions.

  • Real Estate Agent · Fresno, CA · Member since 2014 · 368 posts · 174 votes
    6y

    thanks for the shout out @Darryl Putnam !

    Hey @Jeffrey Tripp, welcome to BP, it's where I got started too.  Lots of valuable info here.  If you ever want to sit down or have a phone call to talk Fresno RE just let me know, it's always a good time.  Good luck! 

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