I'm full time engineer with two young kids looking to invest in real estate. So as you can imagine my bandwidth is pretty low but I'm a restless person which hopefully can help me manage the load. I always knew that I wanted to get into real estate but wanted to have some extra cash in hand prior to starting my venture. Eventually I want to invest in positive cash flow rental opportunities but I'm really interested in flipping properties or wholesale at this point. Not sure if it is realistic given today's housing market in my area and whether it's a wise route as a newbie with zero experience. Another big issue is the return on investment of rental property in my area; it doesn't quite make sense to me as the property values have sky rocketed again and I'm concerned about another bubble here. Not that I'm overly concerned with that as I will be in buy and hold pattern there but it's always nice to have flexibility to exit a property without lose if you need to. I have around 60K or so to invest.

My short term goals are to get a real estate license in the state of California to really educate myself. At the same time, I'm starting to visit local property auctions to get a sense for what's out there. I'm having trouble identifying a good source for foreclosures and local auctions. I have looked into the usual suspects like RealtyTrac and Foreclosure.com but I'm interested in your feedback.

I'm really interested in input from others who have gone through similar concerns starting out. What's the safest approach here without tying down my capital? Please point me to other discussions where my question has been previously discussed in detail. Thank you all in advance. I will be going through forum and getting involved on the discussion as well.

Look forward to learn from everyone and sharing my experience with you all as well.

Cheers..

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Newbie from SF Bay Area

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