Updated over 5 years ago on . Most recent reply
New to Bigger pockets
Hello Bigger Pockets Members,
My name is Jarrid and I live in Moreno Valley, California. I am a newbie investor, with many years worth of analysis paralysis experience under my belt. Literally, it seems I have read every book, listened to every audio book, podcast, etc. Additionally, this is my first Bigger Pocket's post, which I am excited get started on. Real estate is a fascinating subject to discuss, with many techniques, strategies and leverage points based on personal choice and preference. For me, I own my current residence, which has $150K in equity, which I am looking to leverage at the moment. A part of my plan is to perform a cash out refinance to improve my ROI, purchase a new home to perform a live in flip and rent out my current house. Moreover, I have had the pleasure of meeting a few Realtors over the past few months; unfortunately, I have yet to find one whom is investor friendly. Zillow and Redfin have been very helpful for me. I found two short sales in the last three days that seemed like good deals: one was being sold for $399K in Corona, CA and the ARV based on comps seemed to be $509K. An offer was required in order for me to tour the property and perform due diligence. Unfortunately, by the time I pulled the trigger to make an offer it was under contract.
It seems to be a tough market right now; requiring creativity, ingenuity and a dedicated work ethic. Although it is hard work, the most interesting part of real estate for me is having the opportunity to help families in need to find fair housing and simultaneously having the opportunity at a better life.
Lastly, I plan on attending the "Inland Empire Real Estate Investing Club", which seems to be a well known and reputable group here in the IE.
I look forward to networking and working alongside all of you!