Figured it's time to give BP a test and see if I really can glean some quality information from all you helpful people :)
I'm new (about a year) to the area and am currently living in Eastlake (southeast SD).
I'm also very new to real estate investing. As in, I've read numerous blogs, attended meetings, attempted to dig up back taxed land parcels to flip, etc etc. Never done a deal, met with a real estate agent, talked with a title agency, networked with investors or contacted a potential seller.
Currently, I'm working from home full time but would like to transition to spending more of my "work" time generating income via real estate. I do not have a huge bankroll (quite the contrary, I'm hoping there's a way I can bootstrap the REI channel).
I'm curious to hear from those of you in the thick of things, what are the best strategies you'd recommend I explore, given my noob status, minuscule available funds, and our current market situation.
Thanks in advance!
welcome @Gaege Root
A lot of people have started their business with little or no money. Have you went through all the podcasts especially the most recent one with Chris Heeren. Amazing story, and he is just getting started.
Since you work from home, you have the advantage of a "home office" to work on your RE business as well.
Keep networking with other investors and eventually you will find your niche. Whether is it wholesaling, rentals, flips etc.
@Gaege Root I'd recommend checking out the REIA's here in San Diego. One of the fastest ways to advance in real estate is leveraging off experienced investors. But always give value in return!
@Chris T. Thanks so much for getting back to me so quickly. I've not yet explored the podcasts extensively. I have listened to a couple. I'll put the link on my to-listen list. Much appreciated.
@Casey Murray do you know of any in the southern San Diego area? It seems any that I find are around Mission Valley, Del Mar, La Jolla, or further up in Escondido and Oceanside. Thanks for getting back to me!
There are weekly meets in SD. Some are posted here on BP or sign up for meetup.com and they'll email you local meetups for the week based on your interests (Real estate, investing, business, etc...)
Feel free to DM me if you have any questions.
Hi @Gaege Root
The one I attend most regularly is SD Creative Investors Assoc which meets near Mission Valley. I've found the content and community to be fantastic. @Andrew Greer also organizes meet ups that are typically near the downtown neighborhoods that would be good to check out as well.
Good luck with your investing.
Thanks @Luke Schrotberger for the mention. @Gaege Root we hold meetups at least once a month either at a local brewery, our BrewRE events, or at a job site, our RealRE events. We have one tomorrow in National City that is a new home build project with 3 new homes. Here is a link to our Meetup where you can stay up to speed! https://www.meetup.com/San-Diego-Real-Estate-Networking-SDREN/events/234505893/
@Euan Arcia I'm on meetup, but there seem to be quite a few "real estate investing" groups and I'm not sure which ones are serious and worth my time.
@Luke Schrotberger thanks for the suggestion. I've found SDCIA on meetup and am planning to attend the Nov 8th event :)
@Andrew Greer beer + REI sounds like a FANTASTIC mix. I was actually planning on checking out the event tomorrow but I'm on last-minute daddy duty with a 4-year-old and a 4-month-old so I'll unfortunately have to skip this one. I've joined the meetup group though so I'll keep an eye out for future events!
Again, thanks all for the help and support for a noob like myself.
If I were you I would find someone whether at an event or through networking that has done investments here before and is willing to check if a deal you found is good or not.
@Jessica Riley thanks, that sounds like a decent idea. I've got an event tonight. I'll see if I can connect with some helpful individuals :)
@Gaege Root welcome to the investment community. I also attend the SDCIA and I highly recommend the Outback meetup group. Best of luck!
Join the Largest Real Estate Investing Community
Basic membership is free, forever.