Rental Property Investor · San Diego, CA · Member since 2016 · 13 posts · 12 votes
Hello,
My name is Pete and I am located in San Francisco, CA. I currently own a couple of cash flow focused rental properties in Southern California (where I am from) and a primary residence in San Francisco. All are condos.
I have a full time gig in education, but interested in looking out for opportunities to continue to build passive income through cash flow real estate investments. I'd like to move towards SFH opportunities and eventually build enough monthly cash flow to where I can retire early and spend more time with family (I have a 10 month little guy). It's a ways off, but looking to build on what I have.
I look forward to learning and gaining knowledge as well as helping out where I can.
Hey Pete, I've done that exact thing and am living off my rental properties income and am sitting in my bathing suit right now waiting to hop in the pool in a little bit. Cash-flowing rentals are in abundance right now, taxes and insurance are low, there are many renters needing a home . . . but you gotta get out of your backyard and look around the country!
I'm from California, but I'm not buying there. I live in Utah, and have a dozen rentals here, but I'm not buying here either.
PM me and I'll let you know where I'm buying properties and also how to hold performing mortgage notes - which depending on your investing style, you might like better.
Home Stager · San Luis Obispo, CA · Member since 2016 · 312 posts · 49 votes
10y
hi pete, welcome! sounds like you have a great start! newbie here too. just wished to introduce myself. formerly from washington, dc, i'm just getting started in the staging arena in california and i'm looking to make some connections as well. thanks and sincerely, sydney
Riverside, CA · Member since 2015 · 47 posts · 11 votes
10y
Right on man, sounds like you're doing alright as is and thinking ahead is great. I like the plan and looking forward to seeing your success on here. I'm relatively new and continue to learn what I can from studs out there.
Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com
Hey Pete, I've done that exact thing and am living off my rental properties income and am sitting in my bathing suit right now waiting to hop in the pool in a little bit. Cash-flowing rentals are in abundance right now, taxes and insurance are low, there are many renters needing a home . . . but you gotta get out of your backyard and look around the country!
I'm from California, but I'm not buying there. I live in Utah, and have a dozen rentals here, but I'm not buying here either.
PM me and I'll let you know where I'm buying properties and also how to hold performing mortgage notes - which depending on your investing style, you might like better.
Developer · Boise ID · Member since 2016 · 287 posts · 110 votes
10y
Welcome @Pete Cordero, sounds like you are already on the right track. I will tell you from personal experience in my young career that when I made the jump to go full time in this industry it has been a roller-coaster of frustrations and excitement. However, I would not trade it for the world.
Also, don't think that your portfolio is a ways off. Before you know it, with dedication and the right tools you will turn around and be surprised at the amount you have accomplished.
One tip I would share is to get involved in local Real Estate investor groups in your area. I know this website has a bunch. You can also find a good amount on Meetup.com.
Get involved and network, that is one place where good opportunities (and some bad) will pop up.
My name is Pete and I am located in San Francisco, CA. I currently own a couple of cash flow focused rental properties in Southern California (where I am from) and a primary residence in San Francisco. All are condos.
I have a full time gig in education, but interested in looking out for opportunities to continue to build passive income through cash flow real estate investments. I'd like to move towards SFH opportunities and eventually build enough monthly cash flow to where I can retire early and spend more time with family (I have a 10 month little guy). It's a ways off, but looking to build on what I have.
I look forward to learning and gaining knowledge as well as helping out where I can.
Pete
Pete welcome and ask away. A lot of great folks here to answer questions. They key is going to be your goals and then a plan to achieve those goals. Lots of great markets that make complete sense out side of California. I would be spending 1 hr day here reading everything you can on turn key and different markets.
Feel free to ask away if I can help answer any questions