New California Investor Advice

[Marcus Griswold]

Relatively new investor in San Francisco Bay area and looking for a nudge. I can't afford to invest here at the moment. I have a house in Maryland that's rented and not quite enough in to refi (19% invested), a small buildable retirement property in Florida, and a potential conservation sale in Washington. 

I've probably made mistakes with all of these and am hoping to get a better sense of where I can spend my time and money. I've read through quite a bit on BP and still have that fear of what will work. Here are my potential options I am looking at. Any thoughts?

1. Direct mail for vacant land (I've spent a lot of time going through the materials on this, but struggle to figure out the seller side. Buying property is easy it seems)

2. Out of state investing in markets where I could find near turn key property for less than $50,000

3. Wholesaling houses (know least about this)

4. Trying to find property in the Bay area I can afford and living in it then renting out rooms and building an ADU.

5. Finding properties through auctions.

Any and all ideas are greatly appreciated. I'm way too analytical I think.

Marcus

[Dmitriy Fomichenko]

@Marcus Griswold

Welcome to the BP family! Good to have you here! Here are some recommendations for you:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users
Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
Check out BP Podcasts: https://www.biggerpockets.com/podcast

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Wishing you the best!