Getting Started In CA
I would sincerely appreciate hearing from experienced investors in Southern California, particularly Ventura/Los Angeles Counties, and how they started investing in real estate. I live in Ventura County, where the market is still pretty insane. Just to give you my background, I'm 30, have a secure job, good credit, and have read about two dozen books on real estate. Any insight would be great.
Hi there-
Well at least you are taking the first steps in trying to figure out where to start.
I would recommend John "Cash" Lockes course as a start. I would also recommend you take Ron Legrands Wholesale/Retail course. You might be able to find it used...
I would also get your real-estate license.
This will give you MLS access and teach you how to run comps and you can network with other agents..
What you want to do is:
Retail-Wholesale-Rent
Jeff Adam
[addsig]
Jeff,
I am not sure about the advice to get a license is (a) needed, or (b) wise.
Almost no investors that I know got started by getting a RE license.
If one wants to learn how to perform comps they can study the specific topic. As to access to the MLS, not sure such access leads to anything but full priced retail deals.
If you really want access to the MLS one indirect way is to find a good agent who understands what you are doing.
BTW - If you ask agents if they own rentals you will find that very few get beyond buying their own home. I am talking about active agents as opposed to the investors who have a license but are not active representing buyers and sellers.
John
[addsig]
feel free to e-mail me if you have any specific questions. I invest mostly in LA County
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good luck
Dan