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Updated over 9 years ago on . Most recent reply
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Newbie from San Francisco, California
Hello, my name is Travis Campbell and I currently live in San Francisco, CA.
I first started reading about real estate investing a few months ago and became obsessed. I've read multiple real estate books since and consistently listen to the BiggerPockets podcast! My goal is to acquire and hold multiple single or multi family properties to supplement my current income (Public Accounting) and provide a basis for retirement.
I'm excited to join the BP community!
PS - I have a question about getting started in the a high cost market, which forum would be most appropriate?
-Travis
Most Popular Reply
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Travis:
Good morning, and welcome to BP! Here's some food for thought:
Before you make your first investment, meet with a mortgage/financial professional. They'll ask you to share your short- AND long-term goals, and then they'll help you construct a plan that will do two things:
1. Achieve your short-term goals that will produce proceeds and resources that will,
2. Give you the wherewithal to pursue and achieve your long-term goals
Many investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals. Since you're not paying a mortgage pro for consulting, it's in their best interest to give you a solid plan so you're successful.
I wish you the very best!
Grant