[Kind of]Starting Out: Need Advice and Self Introduction
Hi BP family,
I am a software engineer from SF Bay Area. Working at one of the top companies in the world, I love my job, earn a very good salary and have no plan to quit.
My buddy (also software eng) and I have quite a bit of cash and will like to buy and hold a few properties with equity and good cash flow.
I've been in touch with quite a few members on the BP and yet to find any property with good rental income and equity. Some prices offered are even higher than the MLS. Granted I will be out of state and am willing to pay a little bit of premium for turnkey, but the price and/or income ratio are just not making sense.
Are there good suggestions for equity and cash flow? Or should I hold my cash and wait for the next collapse. Please advise. Any input is welcome.