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Updated almost 5 years ago,
Hello from Sacramento, CA!
Hello Everyone!
A lot of the high-level details about me can be found in my profile, so in an effort to not be redundant please check there if my post description is of interest.
I started researching real estate investment fairly heavily last summer. My New Years resolution was to go from studying theory to connecting with experienced investors to better understand my options. If you have an idea to pitch, I'm open to hearing about it.
I currently am considering investing where I live in the Sacramento area, preferably a SFH with a large yard to build an ADU (thanks, AB68) to get my feet wet. My overall goal is building equity and the idea of a new build-- despite lower reward-- interests me for it's safety (e.g. foundation warranty for 10yrs). I also recognize that it might be wise to invest out of state with the same idea and use a property manager, but picking a city to focus on is daunting. I do agree the BRRR idea is most appealing, but finding deals seems cumbersome and requires experience to get right.
I will own at least one door by the end of the year and if it goes well, will rinse and repeat as I increase my expertise in the method. Any wisdom you may have on where I should consider heading -- or who I should speak with that has more experience-- is greatly appreciated.
Thank you in advance.