All Forum Posts by: Chadarius Woodears

@Chadarius Woodears - I tip my hat to you for the bold move. Pick a niche in real estate (buy and hold, flip, etc) and immerse yourself in the niche. Buy and hold is the route to accumulate wealth, not a get rich quick approach. A great way to accelerate your learning is by finding a job within real estate; you're getting paid to learn. If you're unaware, the San Diego market is not the best for buy and holds at the moment with 4%-5% cap rates. Although, San Diego has proven to be a great market for appreciation (compared to cash flow). Wish you the best.

@Chadarius Woodears

Welcome to BiggerPockets & San Diego!

I work with a number of investors throughout the county, so I am happy to help answer any questions you may have about values or the sub-markets here in San Diego.  Feel free to send me a private message if you'd like to connect!

@Chadarius Woodears, I would recommend your first goal in real estate be to purchase a multi-family property (preferably 3- or 4-unit for better cash flow), live in one unit, and rent out the other two or three units. You will essentially be living for free as the rent from your tenants will cover your mortgage. You can fund your purchase through an FHA-insured loan with only a 3.5% down payment. BP'ers refer to this strategy as "house hacking".

You're young, so you have time to bet on San Diego appreciation over the next 20-30 years.  Establish your base in California, and once you feel like you've established yourself here and learned how to be a landlord and some basics about real estate, then, perhaps, consider putting money out-of-state.  Believe me, you'll be patting yourself on the back BIG TIME in 30 years for getting into San Diego real estate in your early 20s with only 3.5% down, and you'll be KICKING yourself if you don't.

Hello and welcome!  Just do whatever you feel good about,  Just know your market and do the numbers.  I am 59 years old and I found BP about 3 months ago and I am still learning.  I graduated from college and I got a broker license in 1980.  Even though my degree was in business with emphasis in real estate I stayed in construction because I felt more comfortable with it.  If you think I might be able to help you please contact me at any time.  Good luck! 

Welcome to BP nation Chadarius!

I am from San Diego, Ca born and raised and bought some of my investment properties in TN! I am also
New at this as well, but how I started out my real estate portfolio was I bought turnkey properties. My husband and I invest out of state, which is why we chose turnkey properties for starters.

Good luck on all your future endeavors!!

All the best,

Rhea