Newbie

[Tony Silva]

Hello,

I wanted to introduce myself. My name is Tony and I live in San Diego and am in my mid twenties. I am currently work with computers but I am considering dabbling in real estate investing (with the plan of eventually doing it full time).

I live with my fiance and we make a combined 160K/year from our day jobs. We have about 30K in low-interest (2%) student loan debt and 5k or so in credit card debt. We both have credit scores over 800. We live comfortably... currently rent a big four bedroom house. We take a couple vacations a year and generally do the things we want to do without regards to money.

I am considering Real Estate for the long haul (and started reading books), but am hesitant to get started for a couple reasons:

-The prices of homes in San Diego deem it nearly impossible to have positive cashflow from rent anytime soon!

-The prices of homes in San Diego deem it nearly impossible to own more than one decent property at a time (since I would be financing 400K in the very first property)

-The prices of homes in general seem to be heading down at the moment

My vision is to own 10-20 properties down the road. Maybe flip a couple to get an initial nest egg and then go strictly for long-term cash flow properties. I have been considering investing in other cities... but have read horror stories about remote management.

Any suggestions for my situation? I am more than willing to learn what I need to.

I have many more questions and am so glad I found this forum. Thank you in advance! Tony