Newbie from the Inland Empire

[Paul DoCampo]

Hi, My name is Paul doCampo, and I currently live in Chino, CA. I am brand new to RE investing, however I have been motivated motivated and extremely excited about starting a REI portfolio. I have been reading on the topic in my free time, and watching podcast when I can, and I have been enjoying learning a lot on this, and looking forward to learning much much more.

My general goals, and reasons to get into Real Estate, is to gain a big enough portfolio that generates passive income for my family and therefore gain financial freedom.  

My specific goals: My short time goals is to place my house (was my primary residence for two years) as a rental, and I buy a another income property this year (perhaps another SFR because I might not be able to fund the 25% down payment on a multi-family).

My other specific goal to obtain $8,000 of passive income a month in 5 years, using a combination of SFR and Multi family units.

[Paul DoCampo]

@Joe Fairless

Currently my plan is to have a couple SFR locally (20-30 mile radius from Chino) until I have enough capital, equity, appreciation, and/or creative financing ideas to obtain multi family units in the same area.

Im new to a lot of this, so my strategy might change. However I understand that planning is one thing and action taking is another, so I don't want to wait until I learn absolutely everything about this topic. So my first action will be to rent out my primary residence, which I have already started the ball rolling on that.