Hello New Here from San Francisco Bay Area
Hi,
I own four houses here in the San Francisco Bay Area. One of them is my residence. The others are rental properties. Believe it or not, I don't know much about rental investing. I want to learn how to become a smart investor and increase the amount of rental properties I have. I also want to learn how to flip houses. Thanks for any insights you can provide for me.
Most Popular Reply
Thomas,
Welcome to Biggerpockets. You're doing quite well for not knowing much about rental investing. Given that you own 4 houses in the Bay Area, you're doing better than 95% of us provided that the properties are not upside down. :-)
Real estate in the Bay Area has created a lot of millionaires. Well, at least on paper until realized. If you can find deals to flip here, you're golden since the profit is huge. Of course, having money would really help to ease the learning curve.
Go to meetup.com and check out local real estate investing and networking associations/clubs. Attend the meet-ups and rub elbow with other investors and see what you can share and learn from them. There are so many strategies in real estate investing. See which one best suits your personal situation. As you already know, everything in life has a price. Real estate is about location, location, location. A property is cheap for a reason so is expensive.
Have fun investigating and investing. It should be a fun and rewarding experience.