Help With The San Francisco, CA Bay Area
I recently stumbled upon the TCI site and found it to be simply the best online. I come to this forum seeking guidance so that one day I may be able to return the favor to future newbies. I am 17 yrs old. I live in San Francisco, CA. My brother and I have saved up our money and to date we have $20,000 to work with. I know it is not a lot, but that is how much we have right now. My brother and I know that we want to get into real estate, but its hard to know where to begin because our parents have only owned one piece of property and have never been RE investors. In fact, my brother is upstairs right now reading "All About Real Estate Investing" by Benke and Fowler. I have been following new home/community developments through ****Must Reach Freshman Investor status before posting URL's*** and have thought of perhaps buying one of these $200,000 new homes pre-construction, build up some equity, and sell it in a year or two. But, after scanning the articles on the boards I am interested in lis pendens, but at the moment I only know that I should go to the courthouse and pull lis pendens records. It seems there are so many options to choose from when being an RE investor, which causes confusing about where to begin. For my current situation can anyone help point me in the right direction? I would greatly appreciate any help you can provide. Thank you.
Don't bother with 'Lis Pendens' simply means Lawsuit Pending.
If you can get into a SFD in SFO Bay area with $20,000, do it!
Build equity, get tax benefits, learn a lot. Can use the equity to get next ppty, assuming you keep Credit clean and have income.
Get educated in RE, lots of books in local library. go to local investor meetings.[ Edited by pmatheson1 on Date 12/11/2003 ]