San Diego starter niche

[Nicholas Baughman]

Hello Everybody, My name is Nick and I am an extremely new to REI. I live in San Diego and I am looking to start investing. I've been trying to write up my business plan but I'm stuck on my mission statement. There are so many ways to get started that I can't narrow my ideas down to just one specific niche. Part of the problem is that I don't have a huge bank roll to get started. I have equity in my current home but my partner is scared to pull it out and BRRRR our next property. She works in the mortgage industry and they predict the market will drop 20%. They have started layoffs too (kind of a random statement but it goes along with which direction would be best). That being said, I have a few ideas about where I should start (BRRRR, wholesale, Tax Deeds, flips) but I'm not sure what is the best way for new investors in the San Diego market. Any thoughts?

[John D.]

Welcome Nick! I would say, don't get too hung up on the business plan or strategy i.e. wholesaling, BRRR, and Fix and Flip. But rather focus on taking massive action marketing yourself and finding a motivated seller. You'll know the right solution when you meet with the seller.