Hey all, new to REI

[Frank Wei]

Hi all,

Am new to real estate investing, friend mentioned it to me in Sept 2024 and they have achieved financial freedom at the ripe old age of 35. I'm currently working in Tech located in California and am looking to connect with people who invest out of state or have experience with out of state investing.

Since I have a fairly demanding 9-5, am thinking maybe to get started with newere builds for SFR or small multi-families. Excited to meet everyone.

[Nicholas L.]

@Frank Wei

anything that is going to generate "cash flow up front" is going to be more of a hands-on / more time-consuming or niche strategy - flipping, STRs, MTRs, etc.  unless, of course, you simply buy an LTR in all cash, without leverage.  but if that is the case, your cash on cash return may be lower.

i just always get nervous when folks with busy 9-5s come on BP wanting "cash flow." that often results in them buying a deal in a random, supposedly "low cost" market that looks good on paper, and then starts losing money in month 1.  here's an example:

Sell at a loss or rent at a loss

not trying to be discouraging, just realistic.  the market is really tough right now - high rates, busy contractors and PMs, tremendous demand for deals among investors.  LTRs are still a great investment... they're just very, very long term and may not truly "cash flow" for 10+ years, depending on how you measure it.