All Forum Posts by: Sarah Ali

This is really great outline, thank you for posting!

In the webinar, step 1 is to find an investor friendly real estate agent.  However, I am also hearing that you can do things like contacting property owners via cold calling, skip tracing ,etc to find properties.  Could someone please explain how these two processes work? Do you do the contacting property owners yourself and then work with the investor friendly RE agent to actually purchase the property? Does the RE agent do the scouting and present the properties to you, and then help you purchase?  

I'm trying to get a better understanding of how "Step 1" really works, details and all.  I'd like to purchase a 2, 3, or 4-plex and live in one of the units and rent out the others as my best way to get into this crazy bay area market.  Thank you for your replies!

Hello,
I just posted in "Starting Out" forum so you can get a bit of history about me there. I'm not in Oakland right now (wish there was a general "Bay Area" category) but would like to find a 2, 3, or 4- plex that I can live in and rent out either in Oakland or elsewhere in the bay area.  This would be my best way to get into the market.  Hope to get advice/mentorship/guidance from other members and once I become "seasoned" I would like to pay it forward!

Hello BP members!

I'm excited (and nervous) to be here.  I feel completely overwhelmed and not sure of where to start. I guess I'll start by sharing a bit of myself and how I got here.

A few years ago, I saw a listing for a 4 plex in a nice part of a city in the CA Bay Area and thought, that would be so great if I could live there and collect rent to help pay off the mortgage (it was even listed for a reasonable price, though I'm sure there was a bidding war for the final sales price). I had no idea how to take an action on this, and the property eventually sold.  Fast forward to the present, and unfortunately due to hard times, I've since lost almost all my life savings and am long-term unemployed. It now seems impossible that I could ever be a property owner.  I am, however, motivated by reading stories of others who started out with very little (albeit, in a much more forgiving market than the bay area) and amassed quite the portfolio.

I think the only way I could get into a property in the bay area would be to have a set up similar to the one above.  I currently pay $1700/month in rent.  I would appreciate any advice on if there is any way to get started given my situation?  I have watched the 90 day challenge webinar and have been reading posts on BP nonstop.  It looks like my first step, per the seminar, is to find an investor's agent. But that seems like a 3rd or 4th step, really.  I am sure there are other things that would need to be done first.

Someone posted about working part-time at a RE or investor's office, and I would be willing to do that for a fixed, short-term, like 6 months or so, but a lot of the job postings require a license.  If any one can offer insight and/or advice to get started for my situation, that would be appreciated.  

I feel scared to go it alone and so even if the advice/mentorship is just through DMs I would appreciate that very much.  I feel like I made a huge first step just be coming to BP, but now another huge big step awaits me, I'm just not sure what that is.