After 2 yrs of listening to BP, newbie from SF, CA is all-in!

[Jamie Yan]

Hi BP community!

I'm Jamie and I'm located in San Francisco, California. Like for many, 2020 was a tough year! But it was pivotal because it forced me to reassess my future and my values. 

I've been a marketer in tech (surprise) for about a decade, but I'm a newbie in real estate. I found BP about 2+ years ago and have been sporadically listening to the podcast. About about 2-3 weeks ago, I had an epiphany that I no longer want my life to be controlled by a W-2. This was all thanks to episode 448 (The Lazy Person's Guide to Financial Freedom in Less than 10 Years).

Since, I've hit the ground running:

1. Refined my criteria (Hello DFW!)
2. I connected with an investor-friendly real estate agent using the BP network
3. Have been analyzing 3+ deals daily
   
4. Got my pre-approval
5. Learned different REI strategies (I love the creativity!)
6. Currently reading Brandon's book: Rental Property Investing and David Greene's Long-Distance Real Estate Investing

My goal is to gain financial freedom, with passive income starting with $10K/mo. The more I learn about REI and others' stories, the more excited I get. My current strategy/plan is to acquire my first multi-family housing this year - buy & hold. Even after diving deeper into REI, I feel like I've only scratched the surface! Hoping to learn more and connect with you all here.

Cheers!

[Joseph Vu]

Hey Jamie! 

Pleasure to meet you. I am from the Bay Area as well. 10k a month is definitely doable and that is also my goal as well! I just recently started investing this year and so far I own 1 SFH in OKC and currently in the process of closing on another SFH in Indianapolis. I am hoping to venture into multifamily by the end of this year.

I am also in the process of getting an ADU built in my backyard for extra income!

Its awesome that you identified your market already. I dont know much about DFW but you already ahead of the curve by trying to network over there. What is your plan for the DFW area? have you looked into property managers yet?