Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 11 years ago on . Most recent reply

User Stats

6
Posts
0
Votes
Cliff J
  • San Jose, CA
0
Votes |
6
Posts

24 y/o Newbie from San Jose, California

Cliff J
  • San Jose, CA
Posted

Hello Bigger Pockets Members,

Some of my concerns have been ironed out by reading through this forum but i thought it was time I introduced my self. My name is Clifford and I am 24 years old with zero background in real estate. I currently work in IT and now have a some money to invest with.

My current goals are to simply real life monopoly. I like the concept of renting out places and having a "steady" income/profit. Thus i have set my goal to buy a place then rent it, rinse and repeat.

My main concerns are
[1]How to invest in RE when you cant afford anything nearby (SF BayArea)
[2]How much should you start with for a down payment 20% or 3.5%? (REI Goals)
[3]Where do you find a Real estate agent? - i feel like a horse in a race with blinders without a finish line since I subconsciously block out most adds.
[4]Choosing a location/ budget: Should you spend more on a better location so you hopefully have better tenants? - I will just wait longer so i have the right amount for the Down Payment.

thanks,
Clifford

Loading replies...