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Updated 9 months ago on . Most recent reply

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Julie Bourdon
  • New to Real Estate
  • Nevada
5
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5
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New to real estate - Not sure where to start

Julie Bourdon
  • New to Real Estate
  • Nevada
Posted

Hey everyone! 
I've had my eye on real estate investing for about a year now, particularly interested in starting with house hacking. However, after recently relocating to California for personal reasons, I've come to realize that the market here is quite challenging for beginners like myself.

I'm contemplating shifting my strategy to out-of-state investing. I've managed to save up a decent amount for a downpayment, but I'm feeling lost about where to even begin. Learning about various investment approaches has been overwhelming and taking that initial step toward building passive income streams seems daunting. Ive read books and listened to podcast but cant seem to find the strength to take that first step.

If anyone has been in a similar situation, I'd appreciate hearing about your experiences and how you overcame the fear and uncertainty to take that first leap into real estate. What motivated you and what were your first steps to dive in and not let fear or lack of knowledge stop you from making progress. 

Thanks in advance for any advice or insights you can offer!

Most Popular Reply

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Jake Andronico
#4 House Hacking Contributor
  • Realtor
  • Reno, NV
819
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1,020
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Jake Andronico
#4 House Hacking Contributor
  • Realtor
  • Reno, NV
Replied

@Julie Bourdon

*Agents have entered the chat* haha

People are making money in virtually every market. I can definitely understand how overwhelming it can be. 

Are you able to figure out how to house hack locally? Orange County is obviously very expensive, but have you looked at neighboring cities, even Las Vegas? 

Somewhere where you can live or be in a short amount of time. Physically see it, drive it, be there for inspections, etc. 

When investors start out they're usually attracted to all of these home run and grand slam stories about 6-7 figures in 2-5 years. Incredible risk to do that. 

But I'd suggest to not get caught up trying to hit a home run on your first deal. Learn how to consistently hit singles and doubles and wait 10-20 years. This is a long game. 

Just my opinion, and best of luck to you! :) 

  • Jake Andronico
  • 415-233-1796

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