Hello BiggerPockets folks! I am new to investing in RE, as I imagine most people are on here, and would like some advice on starting out. I currently live and own a home in California. I am looking to invest outside the state however. Looking at St. Louis, Indianapolis, Florida, GA markets, among others. I understand cash flow and appreciation are important for first time RE investors, with probably more emphasis on cash flow. My biggest question however is: when will I know it's right to pull the trigger on a property? I'm looking mostly at SFH but would consider multi family complexes as well. Keep in mind that I have a W2 job, that I love by the way (school teacher), and a family, so time is a big issue for me. I am considering turnkey properties, but not opposed to minor repairs properties. I've got my long term goals sorted out as I'm looking to buy and hold and build a portfolio that can earn passive income that will provide for my children and theirs, etc. Thank you all in advance for your insight, education, and support!
