Starting Out
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated over 5 years ago on . Most recent reply
![Connor Ryan's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1503390/1720195391-avatar-connorr33.jpg?twic=v1/output=image/cover=128x128&v=2)
Newbie here needing advice!
Hello BP community! I am an aspiring real estate investor currently living in Denver, CO and working in finance. In a few months I will be relocating to San Diego with my girlfriend.
We aren’t at the point in our relationship to buy a home together so we will rent for the first year to get a feel for the area. In the meantime I am soaking up as much real estate books, podcasts, and networking as possible to continue to gain knowledge and to see what strategies are the most appealing. I have about 25k saved and excellent credit.
So far the out of state Brrrr strategy sounds appealing for a few reasons. 1. It’s more affordable for me to buy properties in the Midwest. 2. I know the St. Louis area well because I lived there most of my life and feel comfortable with my connections there. Eventually I’d like to househack a duplex in San Diego but for now renting makes sense while I get used to the area. I have long term goals of scaling into a real estate business.
So this leads me to a couple questions. What advice would you give to someone in my situation trying to get started in real estate investing? Is it smart to start a business account at a bank now with the goals of scaling larger in a few years? Is it smart to wait and househack a duplex to get started or is it possible to start investing without owning a home? Should I look at forming partnerships or mentor relationships?
I’d love to hear feedback and I’m open to anything! Thank you!
Most Popular Reply
![Robert Comstock's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1139866/1694638604-avatar-robertc446.jpg?twic=v1/output=image/cover=128x128&v=2)
don't do anything....get situated with your new job and city. 25k is an emergency fund living in san diego...just keep saving and reading...re think it in a year.....wet blanket I know but 25k is slim.