How to Start Out in Real Estate Investing in a High Cost of Living Area

[Edward Suess-Hassman]

Looking to get into Real Estate. I've been reading a few books on Bigger Pockets. Looking at possibly picking up "Small and Mighty Real Estate Investor" and " Wealth Without Cash". However, it seems my local area (San Jose / Bay Area) might not be the best as I know most of the win is in the buy. However, there is still so much I don't know. 

Wife won't let us house hack (we have a house, and a daughter). We have some REITs. 

Looking for guidance, networking and a path forward. Thanks!

[Nicolas Martin]

Quote from @Edward Suess-Hassman:

Looking to get into Real Estate. I've been reading a few books on Bigger Pockets. Looking at possibly picking up "Small and Mighty Real Estate Investor" and " Wealth Without Cash". However, it seems my local area (San Jose / Bay Area) might not be the best as I know most of the win is in the buy. However, there is still so much I don't know. 

Wife won't let us house hack (we have a house, and a daughter). We have some REITs. 

Looking for guidance, networking and a path forward. Thanks!

You're off to a great start by educating yourself! While the Bay Area is challenging for cash flow, consider out-of-state investing in more affordable markets with strong rental demand. Tools like Roofstock and local property managers can make remote investing manageable.

If you prefer to stay local, explore adding an ADU to your property for rental income if zoning allows. Networking through local meetups or REIAs can connect you with experienced investors and potential mentors.

With your REITs as a passive foundation, physical properties could give you more leverage and control. Start small, and consider creative options like HELOCs if you have home equity. Focus on one strategy, and you'll find your path forward!