Real estate investing newbie in the Bay Area and Dallas market

[Tim Lee]

Hi Bigger Pockets community!

My name is Tim Lee and I'm a complete newbie real estate investor living in San Francisco. During the COVID-19 quarantine, I've read 5 real estate investing books including The Book on Rental Property Investing, Long Distance Real Estate Investing and BRRR book. I've been listening to 2-3 podcasts per week and attended some BP webinars to "sharpen my axe" as Brandon Turner likes to say. That being said, I know that I'm horribly prone to paralysis analysis and my wife and I have set a goal to purchase 1 SFR by the end of 2020. I'm amazed by all the expertise and talent on the website and inspired by all your success stories. We just started looking at the local Bay Area and the Dallas-Fort Worth market and would love to connect with others!

Thanks and stay healthy and safe in these times,

Tim

[Annie Dickerson]

Great to meet you, @Tim Lee! I'm in Oakland and would love to connect. I've been investing in real estate for 10+ years, started out house hacking (still house hacking now!), then started investing out of state, then started investing passively and also syndicating multifamily deals in DFW and other growing markets around the country.

I think a single-family rental by the end of the year is definitely doable. My main question for you would be – what are you hoping to get out of investing in real estate? Are you looking for cash flow, long-term growth, a way to eventually quit your job, or something else? 

And, how much time and energy do you want to put into the investment? It sounds like you've devoted a fair amount of time to educating yourself (kudos on that, by the way - educating yourself will be the best investment you could make). Do you want to be pretty hands-on with the investment? Or would you rather be more of a passive investor?