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Byline: DONNA HOWELL
Robert Dixon is modest about his good fortune. He says he was in the right place at the right time: San Francisco in the booming late 1990s.
It turned him on to real estate, in what's been a case of rewarding mutual appreciation.
"If my first house hadn't appreciated so dramatically, if that first investment hadn't worked out so well, I probably wouldn't keep hitting that button," said the 34-year-old, who has several property investment experiences under his belt.
Dixon is a husband and father of 3 who manages a private equity fund as his day job. He was just out of business school when he bought his first home in 1998 in San Francisco's Richmond district for $440,000.
"The market was so outrageously good that it seemed like a good idea to buy more," he said.
Dixon thought about investing in just REITs, real estate investment trusts. But he decided he could get a much better return from the hands-on approach.