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Updated about 6 years ago on .
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Beginning Investor in Silicon Valley: Introduction and Guidance
Hi BiggerPocketeers,
My Name is Nelson. I've been lurking on the site for some time, and thought I'd introduce myself and where I am at in my Real Estate Journey after all this time.
I am a 25 year old San Francisco resident, originally from the Chicagoland area. I currently work in B2B sales for a Silicon Valley Fortune 500 tech company. I've been loosely exploring real estate for a while, more recently taking my education and pursuit of it more seriously with a few recent life developments. As it stands today, I am debt free, on target to make 6 figures in my role, and have a bit of money saved. I'm looking to begin to establish a different method of generating income, and this is one of the avenues that's most interesting, and in lieu of much start-up building experience, the most widely documented introduction into entrepreneurship that I have found.
Further context: my father, based in Chicago, is a landlord of a duplex property. Because of that, I've been drawn to multifamily properties as my property of choice. With that being said, to begin, I'd love the community's insight into the following:
1. In terms of strategy, I've been looking more closely into buying and holding, and wholesaling. Given the expensive nature of San Francisco I was considering out of state. How feasible is that? What should I consider?
2. Under the notion that education is a regular part of this process, what are some other actionable steps that I could take to move forward. I just watched a webinar with Brandon for example, where he said to analyze 100 deals before jumping into one, and noted the calculators and realtor.com as ways of running analyses. What would be another action item, or a next step, if I were to consider Buy and Hold? What about wholesaling?
3. Any other pieces of advice, suggestions, or insights that may have risen to the surface as you read this post. I'm really trying to be a sponge throughout the process. Not looking to rush, but looking to move intentionally.
Looking forward to connecting :)
Cheers,
Nelson