Your question is right up my alley. Check my website, http://www.douglaslagos.com,
I've been a real estate investor for over 12 years.
You need to talk to an experienced real estate agent that has worked with investors, and better yet, if they are or have been investors.
You will then be able to discuss your plans, your motivation, yes how soon do you want to start.
How much money do you want to invest, will it be all cash, or financed? If financed, how strong is your credit history and financials.
How much money do you need on each project or cash flow?
Once you find the right property, will you rehab it, flip it in a few months, or hold and rent it for a year.
What inspections will be required, if you'll be doing renovations, do you have a team of experts to do the job, etc.?
One thing that many forget to mention, is that in LA, you will need to make sure that the property has been retrofitted, before you can sell it. A good site to check is http://www.gometroretro.com/city-compliance-codes/
There are many nuances to being an investor. Talk to an experienced realtor before you begin.
Please call, text or email me for more information.
RealtorÂ®, Certified HAFA Specialist (CHS)
Coldwell Banker Residential
Tel. (310) 463-8088 http://www.douglaslagos.com