New to real estate from the Bay Area, CA

New to real estate from the Bay Area, CA

Contractor · Castro Valley, CA · Member since 2020 · 3 posts · 0 votes

So glad I found Deeper Pockets, what a great community of people and pool of resources. My Name is Jake and am a custom home builder here on the peninsula in the Bay Area CA. Looking to acquire out of state income properties with a focus on cash flow. About to turn 40 and am looking to make a career change, sick of the commuting, too much stress and waste of life! Trying to figure out how to set up some side hustles/business/gigs/passive income streams i can manage from home. I am Married and the wife has a good job, we get a SCREAMING deal on rent so relocating isn't an option at the moment. So that kinda eliminates BRRRR and flipping, would like to invest in SFH or duplexes to get started. Wondering how many others out there are in the same position, and what course of action you are taking. Looking to build my knowledge base before making any big moves. Thanks in advance for all and any input, advice, or stories, cant wait to pick y'all's brains.....

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  • Realtor · Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility · Member since 2016 · 2k+ posts · 2k+ votes
    6y

    Welcome to the sight Jake! Plenty of lenders here on BP that will work with you if you want to invest OOS. Look them up, get pre-approved and start your journey!

  • Rental Property Investor · Oakland, CA · Member since 2016 · 341 posts · 643 votes
    6y

    Welcome @Jake Blair - you found an amazing network of people here on Biggerpockets! My friend and I host a monthly meetup in Oakland if you are interested. Shoot me a message and I can give you the details.

    I've been investing out-of-state for the past 3+ years. Mostly in the Midwest and recently Phoenix.

    Most important thing about the real estate world is the connections and network you have. Best of luck man!

    -Tyler

  • Rental Property Investor · Cedar Rapids, IA · Member since 2020 · 20 posts · 3 votes
    6y

    I’m in the same boat!!!

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