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All Forum Posts by: Doug Peters

Doug Peters has started 13 posts and replied 62 times.

Post: How do I find the deals

Doug PetersPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 68
  • Votes 34

Hello @Dan Schweit

Welcome to BP.

Depending on what area you live in, it might be a good idea for you to attend some BP events.  
I am a newbie myself and just joined BP last year.  I found and try to attend the local BP event.  There is a South LA BP meeting that meets 3rd Saturday of the month.  They have a Facebook group that you can join.  @Brandon Foster & @KJ L host the group.  https://www.facebook.com/groups/266341087222700/

Post: Newbie from Ventura County California

Doug PetersPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 68
  • Votes 34

@Christina Ortega Welcome to BP!  I am managing a "Beach House" in the Oxnard area recently and doing some repairs currently so have connected with some BP contacts in the area.  BP is a friendly place to get started.

Please keep in touch, as me and probably others are interested in hearing about off market properties.

I am a newbie as well, but started with watching all the BP webinars I could and listening to the podcasts.

Post: House Hack West Los Angeles

Doug PetersPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 68
  • Votes 34

Welcome to BP @Adrian Kar

I am a newbie myself and looking for multiunits in LA area as well.  Maybe not to house hack just yet, but just starting to search.  I would be curious to what you find as well.

Thanks @Account Closed   I agree, my wife and I were just talking tonight about should we try OOS again or start here in LA where we can be involved more.  I will work on all this too.

Post: What are the best areas to invest in LA?

Doug PetersPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 68
  • Votes 34

@AJ Singh  as a newbie myself, I would be interested in what areas in So Cal are generating positive cash flow.

Post: Looking for window replacement contractor for 16 unit apartment.

Doug PetersPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 68
  • Votes 34

@Bernie Neyer   Thanks. no I have not heard of them, but found them online.  I have emailed them.  thanks again

Post: Looking for window replacement contractor for 16 unit apartment.

Doug PetersPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 68
  • Votes 34

My company is needing to replace 90% of the windows in an old 16 unit apartment building.  This is after a city inspector came by.

Please PM me or reply with any recommendations.  This is near downtown Los Angeles.

Thanks in advance!

Post: Meeting up with local wholesalers (Los Angeles)

Doug PetersPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 68
  • Votes 34

The SouthLA one is posted on BP here in events but mostly through the Facebook group they set up.   Just search FB for South Los Angeles BiggerPockets Group

Post: Meeting up with local wholesalers (Los Angeles)

Doug PetersPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 68
  • Votes 34

@Chris Laux   Welcome!   I am a newbie too and a bit east of you, have you tried to attend the local BP meetings?  I go to the "South LA BP Meetup".  We just had one on Saturday and I met some wholesalers there.  Those are great places to network and meet others.  @Brandon Foster & @KJ L. are the organizers.

I think I have seen some talk here of a meet up in Culver City or Santa Monica.  Others may know more as I have not attended any of those ones yet.

Have you looked at https://www.biggerpockets.com/events  

@KJ L.

Post: Newbie from Los Angeles, CA

Doug PetersPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 68
  • Votes 34

I am fairly new to BP, joined in Sept 2018.  But realized I never posted a new member intro.  So here it is! 

I first heard of BP through a random YouTube video.  Someone was recommending @Brandon Turner 's book, "The Book On Rental Property Investing".  So I bought it and started reading it this past summer.  Then started listening to podcasts and searching the BP website since Sept.  I have also been to about 4 local BP events this fall and met some great people there.  Recently just bought 3 more books and just finished the "How to Invest in Real Estate" book.  So great!

I am not a total REI newbie, as have done about 4 small partnerships with some more experienced friends, started about 12 years ago. Sadly haven't made any real good money, and currently, negative cash flowing and looking to sell the remaining 2 properties. A townhouse in Noblesville, IN and a duplex with commercial garage in Chester, PA.

I am wanting to seriously get back into REI for myself and start preparing for FI and retirement hopefully in the next 10-15 years.

After reading the books and also the 7 Years to 7 figure wealth, I am interested in investing in some small multifamily units. I also am very interested in the BRRRR method that Brandon talks so much about on the podcasts and webinars. And yes, still open to long distance rentals but with great cash flow this time.

I am open to your advice and suggestions, and thank you in advance!

Post: Fix & Flip Complete in Los Angeles' Silver Lake hillside

Doug PetersPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 68
  • Votes 34

@Shawn Ward & Zerik!  WOW!  I am impressed again.  Very, very nicely done!

Was good to see you again last BP meetup.  And to meet you Zerik.

Looking forward to talking with you again and learn more from you both.  Maybe we can partner on a project together someday.