Newbie from DFW

[John Hickman]

My name is John from the Dallas area. Interested in buy & hold of SF homes to create some passive income. Putting together a business plan, but I'm leaning towards class C properties for the cash flow, any appreciation in the long run will be gravy. Exploring financing with little money down.

Here's the interesting part. My full time job is real estate development. Really. I started out of school working for a commercial GC, developed about 1,000 class A apartment for a merchant builder, currently working on one phase that has retail/office plus some more apartments. And, no I'm not an partner on any of my deals.

That being said, real estate is all the same, but it's all different. I would never go out and develop class A industrial in my regular job cause I'm not an industrial guy - it's a different business plan, underwriting, tenant base, and relationships. Same thing applies to SF rentals. Some of my experience translates, some of it doesn't. That's why i'm here.