From Walnut Creek new To BP

[Nicolas A Botello Jr]

Howdy Ya'll, 

Name is Nicolas Botello (Nick) I am from Walnut Creek, CA but originally from Tx. 

I am 25 yrs old and have been a software engineer for the past 2 years.  

I have been on BP for a couple weeks now. I stumbled upon it from hearing an audible book rental property investing by Brandon Turner then read long distance investing as well.  (Though I am still going over them again and writing more notes to get my plan started)

I have been watching webinars and have been trying to learn more. Since I don't have prior knowledge of real estate. 

Before joining I had already started on my journey to raise enough money for a Single family home, about 25k by mid next year for a down payment. 

I want to start with a 3 bed n 1.5+ bathroom SFH in a C+/B state in a B area  (not in a war zone).  ~200-300 cash flow
I want to build my business with SFH's but if I can I would like to get some multi-family homes =< 4 units. 

My goal is to get my financial freedom and get 5k a month in passive income as one of my initial goals for real estate. 

I plan on investing in the DFW area, Austin, and San Antonio, Tx.  100k SFH's

My current plan is to read more books, watch more webcasts, and gain more knowledge.
Followed by next year becoming a pro member and practicing evaluating SFH deals, so I can get a grasp for what a good deal is.
I will start trying to go to meetups around my area and find a mentor.  

Still working on building my complete plan! 

Another thing I still need is to build my team, but I don't know if I should wait until I have the money to invest to do that.
Such as look for an agent, contractor, property management, etc. 

Looking forward to learning from everyone!  
If anyone is in the area hit me up and we can meet up! 

[Karen Rittenhouse]

@Nicolas A Botello Jr This sounds like a great plan!

The best things you can do right now are:

1. Attend all your local investor meetings. Find them at MeetUp.com and NationalReia.org. Also look for local landlord association meetings. These are where you will learn the language and find all of the "team" members you need.

2. Contact all your local lending institutions to find out if/how you qualify to buy those rental properties. If your credit and income are good, you should be able to buy at least 10 before the banks cut you off.

Attending those local meetings will also be where you can find some better deals on properties than through the MLS. Even if you plan to hold long term, the best plan is to pay less than retail!

Good luck to you.