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All Forum Posts by: Michael Martin

Michael Martin has started 1 posts and replied 11 times.

Post: Newbie in San Francisco Bay Area, California

Michael MartinPosted
  • San Mateo, CA
  • Posts 11
  • Votes 1

Hello all. My name is Michael M and I currently rent an apartment in the San Francisco Bay Area. I have zero experience in real estate, and I'm interested in learning how to successfully cash flow buy and hold rental properties to supplement my income and provide for a quicker retirement. I currently work full time and am actually fairly successful in my "main gig" so do not want to let my work suffer.

Buying rental property in the Bay Area seems... impossible. Or at least incredibly difficult. I read Brandon Turner's "The Book on Rental Property Investing" and I do not believe I'd be able to find a place that would meet the 2% rule test or even the 1% or 0.5% rule test.

At this point I'm kind of "playing make believe" and researching different markets by going onto Zillow. Some markets seem promising (like Dallas) but long distance investing for a beginner seems daunting!

Anyways, that's where I'm at. Any other Bay Area investors here? Any words of wisdom? 

Thanks!