New Member from Oceanside, CA

[Daniel Godbout]

Hi! I just recently joined BP and new to real estate investing. 

I'm based in the San Diego area (Oceanside) where I've got my primary residence, but no investment properties yet. I've been laser focused on shortening the time to achieving FI and I feel good about the path i'm on, but I think I can step things up by making some smart real estate investments. 

I've started out by trying to really put in the time and energy to learn everything I need to know to be successful for the long run. I feel like my brain is going to explode with everything I've learned lately. Exciting times, but I can see some initial hurdles up ahead. The big thing is that i'm based in San Diego which is a very challenging market to get started with right now. I'd be interested to hear if anyone has experience purchasing their first property out of state? What was that journey like? How big was your initial investment? How'd you assemble a team from scratch and what were the logistics like? 

I'm looking at getting started with multi-family (2-4) unit properties.To curb the out of state risk I'm trying to look at remote markets where I have some kind of advantage. Either I travel there occasionally, have local contacts (friends/family), or like in one case I have a friend who invests out of state regularly and it might make sense to work with his local team. Several other small ways I'm finding to help effectively evaluate things remotely, but it's hard to validate everything i'm thinking without being there in person. Thoughts?

Look forward to chatting with you! 

Thanks!

Daniel