Greetings from the Capital of the Golden State

[Frank Lienert]

Greetings all. 

My name is Frank and Im new to real estate investing. Im from Sacramento, CA but have lived all over the state. I currently have a stake in a SFR rental house (inheritance, with family members) that I've been managing for about six years. It is my goal to buy them out and purchase another home (multi-family) in the new year.

Im fairly conservative by nature so Im looking at a buy and hold approach. That said, with experience and knowledge I may, in time, entertain other real estate investing approaches. Ideally I'd like to start out purchasing real estate in the Sacramento/ central valley and then branch out from there...West Coast, Southwest, South and Italy.

I hope to gain a few things from BP.

• A better understanding of real estate financing. (Anything other than a 30 or 15 year fixed is foreign to my family) I'd like to learn about the different financing options and their benefits and shortcomings both in general and with regards to specific types of deals.
• Learning and networking (duh) Im here to learn from the successes, mistakes and overall experience and expertise of others in the business of real estate and to establish healthy business relationships.

Thanks everyone!

-Frank

[Sam Van Horebeek]

@Frank Lienert

Welcome to BP - besides all the good information here on BP, I would just add one tip. Quantify how much return you are looking for in the short term (cash flow) and in the long term (appreciation) and how much risk you are willing to take to achieve these returns. That  (together with budget of course) will quickly help you narrow down the cities and neighbourhoods to focus on.

Good luck!