Looking for a RE mentor in the Bay (crosspost from Starting Out)

[Max McNally]

Hey fellow investors, I'm looking into getting started in Real Estate in the CA Bay Area, and I really don't know what steps to take. I've looked into house hacking, multifamily BRRR, fix and flips, and I can't seem to get the numbers to work in any of them. I decided to try and get my feet wet by buying an out of state multiplex, which I'm in the middle of right now. It seems to look pretty good, and I like the numbers, but I really want to be able to do deals locally. Is anyone willing to meet up and give me some insight? My current strategy is to get some cash flow from out of state multifamilies, and turn it into a house hack next year. I will gladly buy a beer or two for a seasoned investor that would be willing to take me under their wing. Thanks in advance!

[Mick Harvey]

@Roman S. Million dollar question. LOTS of time on the phone and internet. research, research. its a long process, took me 8 months of talking and digging to find one I liked, 2 months later, fired, used another, 6 months later fired and onto the 3rd within a year. you never know until you are in deep with them. I have invested in many parts of the country and what I have found most luck is have the local "boots on the ground" as they say. Find someone local; found mine on BP (thank you) and make them your partner, give them something they need. Then, find the rest of the team, bank, inspectors, PM, ETC.

Until you have a very established, reliable team, rehabs are VERY hard out of state. Get a couple duplexes to test the team and the area, then go larger.