Newbie from San Francisco, California

[Evan Chen]

Hey all,

My name is Evan. I'm 28 and I live in San Francisco, California. I've been a Bay Area resident for most of my life.

I'm a Software Engineer and recently have been interested in Real Estate Investing. I just finished Buy, Rehab, Rent, Refinance, Repeat and started reading Long-Distance Real Estate Investing.

I'm looking to invest out of state for cash flow since home prices around the Bay Area are expensive. I've been looking into West markets like Arizona and Nevada since they're close to me and the Mid-West/South markets since I've heard that they're great for cash flow but have been having trouble figuring out which city I'd like to start in.

I look forward to talking to ya'll soon.

Thanks!

[Chris Levarek]

@Evan Chen Welcome to BP! Lot of options out there. I actually started my journey reading those same books. As a fellow IT engineer as well, I found the career to complement a lot of the systems needed to make real estate work. Southwest, Midwest, Southeast are typically where properties will allow easiest entry as you detailed. We chose North Carolina as are first entry point and haven't regretted it, even as I live in Phoenix, AZ.

Resources : You can always get some Market Knowledge from sites such as CREXI or even CBRE(multifamily) reports, Zillow, RealPage, etc. I think CREXI does a good job of showcasing each market under their Product/Market Intelligence section for no cost.

Choosing a market should be based on population growth, unemployment, job growth, employment diversity and more. Feel free to reach out and I can share some other links if needed.