First investment

[Brent Hanson]

Very common thread i get it!  Im new here... So i want to throw this out.

Im 31 own a home in the bay area, not interested investing around here because numbers dont make sense....

I have about 150-200k to start my real estate portfolio.  I feel very blessed to have that much, i worked my tail off the hard way (9-5) to get it. Ive always had a real estate passion ie; read all the books, scowering online and watched all the shows....  Now i want to play

So id like some seasoned vets advice here, what would you do? (Im intereted in buying turn key SFR's around 100k in good markets)

Also happy yo be here on BP!

[Arlen Chou]

@Brent Hanson

I know you are asking about turn-key investing, but I don't understand why you don't look in your own town.  Richmond, by Bay Area standards, is still very affordable and it looks like it is getting better. I am based in the South Bay, so I personally don't have any money tied up in that city because it is outside of my driving radius.  But if I felt I could deal with the commute distance, I would definitely put that town on my map.  $150k-$200k in cash is a good chunk of money. I would suggest your reach out guys like @J. Martinwho have property in Richmond and get some local feed back before you start sending your money out of town.

Good luck,

Arlen