Been circling the pool too long. Time to dive in.

[Justin Donaldson]

I love this site. Everyone seems so willing to help others, collaborate on ideas, and partner up. The podcasts have been great too. I love hearing success stories. I quit my job a few months ago and thought I'd quickly land another. Now, rather than finding another cubicle, it seems the best time to take a risk in RE (house hacking or flipping). I currently live in Sacramento, CA but looking to relocate (anywhere). I've considered getting my RE license to learn to trade, but not sure if it's necessary. I have some $$ to invest and potential assets to liquidate, but also know from @brandonturner that there are many financing strategies to get started. The purpose of my post is just as much to network as to seek advice. Recommended first steps (i.e dive right in), first books to read, etc. Thank you in advance and I look forward to quickly becoming a contributing member and appreciating asset to this forum.

[David Hutson]

@alexander,

I wouldn't say that Sacramento is poor, I'm saying that other places are much better for me.  I am looking for long term cash flow.  Sacramento is more of a hope for appreciation play currently, in my opinion.  Also, not everyone is comfortable investing in other states.  I sold a fourplex I have held for many years and purchased four properties in Memphis and will close on a fifth Friday.  There I am easily earning over 10-13% and that's after management, repairs, vacancy, tax and insurance.  That's the good part.  The not so good is that the house I paid $70k for will be worth $75k in 10 years.  For me, I feel the long term cash I receive will outperform the appreciation I will get here if the prices stay up or are up when I would sell here later.  You can PM me if you like and we can chat on the phone if you are interested.