[Newbie] SF Bay Area Resident and Aspiring Real Estate Investor

[Mitchell Sanedrin]

Hello all!

I've been a long time listener to the BP podcast, and decided to create an account! 

I live in the SF Bay Area, and work in the recruiting space for a tech start-up. I've been wanting to invest in real estate (buy&hold) with a focus on SFR's, and am finally ready (at least I think lol) to take the leap.

I've been running the numbers in my area, as well as, some "outer cities" (Sacramento, Fresno, etc.) and have been holding back on some of the properties I've analyzed because of the "negative cash flow" that was calculated. I've been toying with the idea of investing out-of-state (Nevada, Oregon, Arizona), but am thinking I would rather have something a bit more close by especially for my first investment property to reduce the probable headache. 

Keeping my fingers crossed that I'll be able to find a "good deal" (in the words of Brandon Turner my $2.50 milk SALE)

If any of you are free I'd love to connect to talk about your journey!

Thanks for reading!

[Brian Larson]

@Mitchell Sanedrin - Welcome to the forum.

I am a local realtor and investor in San Jose.  My wife and I invest out of state in Pennsylvania.  We do this for 2 reasons:

1) It is really hard to make real estate investments in California that you can BOTH afford and cash flow.

2) We prefer hands-off investing (i.e. we don't want to be onsite fixing a toilet)

Feel free to connect if you wanna talk more.