New Member from Portland Oregon
Hi all,
My name is Andy Duvall. Recent graduate from Oregon State University with a degree in mechanical engineering. I've been working in Tualatin for over 2 years now as a Hardware engineering at Lam Research and will soon be starting a career with Daimler Trucks North America.
I have been saving a good chunk of my pay and been sheepishly investing in robo advisors and safe index funds. But recently I have been wanting to get more active with my investing and a friend turned me onto real estate investing after his 2 successful multifamily home purchases.
I joined Bigger Pocket so that I can primarily learn from the website and all the smart people that make up this community. I am interested, as of right now, in either single family or multifamily investing.
Currently my basic real estate investing goals are meager, supplement my current salary with passive income from rentals. A loose goal that I have right now is to match 50% of my salary with rental income within 5-10 years. I know I need to nail down a more specific goal.
I am new to real estate investing, and investing in general. Right now I am trying to learn all that I can trough reading suggested investing books, Bigger Pockets podcasts, and the forum, but am completely open to new form of education to get me started on the right track.
I look forward to making some worthwhile connections on this site and can't wait to get started!
Thanks for reading!
Most Popular Reply
Hi Andy,
Welcome to BP. I read your intro with interest, because I am also based in Portland, also in the Tech industry, and have roughly the same goals... just a little further in my career.
With the kind of background you have, the best route to your goal is probably to work very hard, get promotions, be frugal and squirrel away as much cash as you can, and use your likely good credit to leverage yourself into properties that will throw off some serious cash in 5-10 years. I could be describing myself right here.
One thing I am paying attention to is to remain "passive" and not let my passion for RE impact success in my career, so I pass up on investments that would probably provide me with higher returns, but would require more personal involvement.
I'd be curious to hear what areas you're looking at if your focus is on cash returns. With prices as they are, I find Portland totally unaffordable, and have been forced to look up north in the Vancouver area.
Best wishes.