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Updated over 9 years ago,
New to Real Estate Investing, Eager to make Remote Positive Cash Flow.
Hello bigger pockets community! I've begun to consider investment vehicles for my future and real estate lights me up for many reasons. First and foremost - everyone needs it. I'm learning the basic terminologies, types of places, and feasibility of doing things all rather slowly. I'd like to eventually build up a rental portfolio grossing me $100,000/ year as a silent owner, exclusively managed through a property management company. I am eager to learn the most cost effective places in which to begin even looking at starting such a venture. I currently live in California, where real estate is outside of my price range, so I am looking at doing this remotely. I'd rather not have it take 30 years, I'd like to do it in 10. Does anyone have a method they like to use for valuing properties in comparative local markets? Why are some people interested in single family home investing when buying and owning apartments seems like a much better cash flow idea? Who here is someone who has accomplished total financial freedom above the $100,000 year range who literally sits and collects?