Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 9 years ago on . Most recent reply

User Stats

24
Posts
2
Votes
Andrew K.
  • Real Estate Investor
  • Novato , CA
2
Votes |
24
Posts

Open to method and location. Newbie needs help!

Andrew K.
  • Real Estate Investor
  • Novato , CA
Posted
I am a newbie to this and am looking to invest in real estate. Initially I was going to buy out of state, but I think I've been sold (thanks to those who replied to my previous post) on buying somewhere I could drive to if I needed to visit the property. Currently live in Bay Area and open to where to invest. (Based on initial thoughts, area id look into are Sacramento, Modesto, Stockton. Thoughts?) I am new to this game, and will be continuing my full time job. My options are below. Thoughts? What is my biggest bang for my buck? Ideally I want to ramp up either option over a 1-2 year period so that I can earn $300k++ per year. 1) Buy and Flip. If I were to do this, I'm looking for an area to buy something $250k or less (ideally, but open to a bit more if it truly made sense). I would need to hire a GC to run the project as my involvement could only be weekends (in person) or nights (virtual). 2) Buy and rent. Open to this by purchasing 1 house to rent . If successful, my plan would be to buy one extra house per month. realistically, how much could I net profit per month per property? Thanks so much!!!!

Loading replies...