All Forum Posts by: Jc M.

@Dylan Vargas, thank you for the insights. I've convinced my wife to let me run off for a day trip to learn an outer Bay Area/inland market. Is there a Vacaville area RE agent you might recommend I be in touch with?

@Darius Ogloza, thank you. My first inclination is to go local, but I'm still learning and trying to define my game plan and rationale. I could put significantly more into REI now but want to hang onto my securities, etc. I kind of expect my first deal to be rough going and am willing to take my licks to learn things top to bottom.

Two cents worth much more and appreciated.

@Brian Garlington, much appreciated! Looks like you are across the Bay but investing in Cleveland. I just got off the phone with a buddy and was talking about starting there. Why did you choose Cleveland?

@Kenton LeVay, thank you! The Bay Area is definitely expensive although prices are falling in parts of our market.

@Aaron K., thank you, I think you're right. Are you investing OOS yourself? If so, where about?

Hey BP,

First thing: thank you all for the knowledge! Super fun, amazing brian power all in one place. Def glad to be here. I own my home in SF and have a tenant downs. Other than that, I'm trying to get myself ready for my first REI prop. Currently doing many things other newbies are doing here: reading, podcasts, KPIs, networking, etc.

I'm still unsure if I should go near or far. I could probably swing a BRRRR investment within Northern California in places like Sacramento or Fresno up to $75k of MOM, my-own-money,

but that would suck up all of my dedicated RE capital for the next >12 months. My concern is that I'd blow up or breakeven and have no more chips to play. Or, I could go OOS (haven't actually been out of state recently except on short biz trips to Denver). Markets that have me interested price-point and demographic-wise are also unfamiliar to me personally i.e. Boise, Dallas-Fort Worth, Cleveland, Memphis, etc. I'd love to see them firsthand because it would lift some mental blocks but with two kids under three plus shelter-in-place, I'm not able to do so any time soon.

Do I start small but unfamiliar, learn from it and reserve capital for next deals? Or, do I take the plunge in CA and go all in?

@Heather B.had the same issue - didn't find a link to it. However, there are 400 podcasts for free so try there.

@Steve Wang good luck buddy. Across the Bay and in the same boat!

Hey BP,

Born, raised and bought a house here in San Francisco. Tomorrow's my birthday so I thought what better way to celebrate than to introduce myself to other like-minded folks wanting to conquer mountains in Real Estate. I've rented out the bottom half of my home; it's a semi-hack and PITI is still a beast. I'm an advisor by training and profession, but humbled by how much I've learned (and unlearned) from this community in just a few weeks. I'm hoping to start small in BRRRR within 12 months and look forward to the journey with BiggerPockets by my side!

@Vivian Nguyen

Yup, likewise in the same boat as you both. Own my home in SF with some income from the inlaw - it's a semi-hack. Planning to go the BRRRR route; start with SFH/duplex and continue operating within the 1-4 range. Contemplating Sacarmento, but prices are still on the rise and the entry points are higher than I'd want. Seems like out-of-state would work, but doing the first deal from afar is a different undertaking. Good luck to you!