First Time Home Buyer Investing in San Francisco.

[Gage Henley]

Hello bigger pockets family! I am a 27 years old military veteran from Southern California now living in San Francisco working in tech. I have a good W2 job that pays me above six figures but I am ultimately looking to eventually be in real estate full time. I am a new investor that has been tirelessly looking for "phenomenal deals", WHO ISNT??? I have spent the last few months analyzing deals, spending weekends at open houses, driving for dollars, looking for off market properties that fit my buy box, going to auctions for probate properties, you name it! I sort of just assumed I could never invest in a market like San Francisco due to it being one of the most expensive markets in the country. I recently have had a mindset shift of how could i do this? I went ahead and started running some numbers on some of these SF multifamily homes and the numbers check out on some of them. This peaked my interest immensely. I would have to raise some money for a large downpayment and take on that liability. From a high level I want a property that needs new floors, some fresh paints, and basic cosmetics but everything is functioning in the home. Generally speaking, does anyone think this is not a good idea to dive into this type of strategy as a new investor due to their being quite a few moving parts. Curious to hear the forums thoughts! Thanks

(I also am going to be investing with a partner who has the same experience and financial situation as me)