@ John Holdman
First off, thank you for your reply.
I'm looking to invest a small amount of time,(or medium amount of time) for small paychecks now, but with the goal of long-term wealth later on.
The "end-goal" I'm looking for is to eventually own around 5-10 houses. So I can retire, and that will supply me with income...
If I could get a few houses sooner, (rather than later) I would rent them out, while the rent covers my mortgage, (say my mortgage is $2000, I'd try for a $2300 rent with them). So it's covering my mortgage, and also supplying me with an "extra" 2-3 hundred a month, per house. (just an idea, definitely open to other ways to do it).
When I say "how can i get my first house", I basically mean, how do I start this process. I have at least 20K, but "new" credit, so banks won't give me a loan. (need to double check with them though)...
The Bay-Area market is kinda crazy. high demand, low supply. Many houses are being sold to All Cash buyers. they'll pay $150K in Cash. Offers over the asking price, etc. So I just don't know how to start.
Basically I would love to get "my first house", either as a rental, or a duplex/tri/quadplex, where I live in one part, rent the other parts out, which covers my mortgage, and i can start building equity from there...
these are just basic ideas I have, I am Very open to others.
Not a "do this only" position. just basic starting ideas. from a beginner.
Would love feedback/ criticism/ thoughts, better-ways, etc.
"All knowledge is power".
Sorry for the long post, I hope I cleared-up some of the questions...
John, thank you.
-Orion-