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Updated about 9 years ago,
Intro: New member from SF Bay Area
Hello BP members,
I am new to BP and love the community and the knowledge shared on every aspect of RE investing. I am really excited to find the number of areas one can invest in RE to make huge changes in lifestyle.
I am currently going through all the podcasts, blogs and forums to acquire enough knowledge to learn and avoid the rookie mistakes as much as possible and understand the best practices.
My goal is to acquire cash flowing rentals to replace my w2 income completely. I have enough experience in investing in stock market and I am looking to diversify my income streams.
Since I am just getting started, I would like to initially partner with someone to get exposure rather than jumping with both feet. I have listened to enough podcasts so far to know to be specific on my goals and I think I know what my 1 year, 5 year and 5+ year goals are. Will continue to refine as I go along.
Since I am from the SF bay area, one of my main challenges is going to be acquiring cash flowing rentals most likely out of area/state as cash flow is not easy to find here. From what I read, I need to have boots on the ground to acquire/manage the rentals in the form of a partner or property manager.
I will be asking for the generous help of the forum members on a few initial questions/references to get started.
Thanks for your kind help, Look forward to connect with and contribute to the community in time.
-Ravi