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All Forum Posts by: Brooke Melton

Brooke Melton has started 1 posts and replied 2 times.

Post: New to RE, learning all I can, Bay Area based

Brooke Melton
Posted
  • Posts 2
  • Votes 1

Hey Chris,

I totally feel your pain—I'm based in Santa Barbara, CA, where the median home price is over 5 times the national average. It's overwhelming to even think about making million-dollar investments right out of the gate.

Fortunately, I moved around a bit when I was younger and bought homes that are now rentals. It's definitely possible to manage properties from out of state (at least for your first couple), or hire a property manager to help out. That said, the first management company I hired went MIA within a year, so I started managing my own properties—and learned a lot in the process.

I recently left my W-2 job to be more present for my two adopted kiddos and decided to focus on growing my portfolio. I’m now actively looking out of state. There are so many great markets out there, and if I could do it in my 20s with zero experience, you absolutely can too.

I've house hacked my SB home, currently manage both a short-term and long-term rental, and I’m putting in an offer on a duplex today. Good luck—you’ve got this! Living out of state doesn’t have to be a setback. There’s so much opportunity waiting.

Post: Buy and Hold In Portland, OR

Brooke Melton
Posted
  • Posts 2
  • Votes 1

Hi! New here. ;) I made an accidental post. I thought I was filling out information. Is there any way to remove the post?