New investor from San Francisco Bay Area

Oakland, CA · Member since 2016 · 14 posts · 5 votes

Hello there BiggerPockets community.

I'm a new investor starting to explore real estate investment.

I live in the San Francisco Bay Area, and like many who live here, trying to figure out how to get started in building my real estate portfolio considering our booming RE prices. Excited to be a part of this community.

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Alice K.

Investor · San Francisco, CA · Member since 2015 · 306 posts · 211 votes

Welcome @Sagar Mata!
Everyone in the area and BP is a wonderful resource (well, most!)
@Chris Mason is always around here and has some great witty insight.

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Michael S.Pro Member
Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
9y
Hey @Sagar Mata welcome to the community. Have you seen the BP free course already? It would be good start for new investors here https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing
0 Reply
Carolina Solorzano
Rental Property Investor · San Francisco, CA · Member since 2016 · 85 posts · 31 votes
9y
Welcome Sagar. A good way to start is by attending local meet ups that way you can talk to locals.
0 Reply
Ryan Scott Isacksen
Property Manager · Castro Valley, CA · Member since 2016 · 212 posts · 110 votes
9y
Welcome @Sagar Mata,
It is a different climate here than some places. I've seen small MF units listed in some parts of the country that are listed below what a down payment would be here. The difference in rent and appreciation is noticeable.

What drew your interest in real estate?
0 Reply
Chris MasonPro Member
Moderator
Lender · CA · Member since 2015 · 9k+ posts · 10k+ votes
9y
Welcome, @Sagar Mata. The Bay Area crew is super helpful and friendly, don't hesitate to reach out to anyone.
1 Reply
Alice K.
Investor · San Francisco, CA · Member since 2015 · 306 posts · 211 votes
9y
Welcome @Sagar Mata!
Everyone in the area and BP is a wonderful resource (well, most!)
@Chris Mason is always around here and has some great witty insight.
2 Reply
Robert Musallam
Investor · San Jose, CA · Member since 2014 · 294 posts · 113 votes
9y
Hey @Sagar Mata Welcome to BP!
Best of luck to you moving forward!
0 Reply
Mark Nolan
Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
9y
@Sagar Mata
Welcome to Bigger Pockets.
0 Reply
Mark Huang
Professional · Los Angeles, CA · Member since 2016 · 45 posts · 8 votes
9y
Welcome @Sagar Mata to BP.
What kind of real estate portfolio are you looking to build?
0 Reply
Sagar Mata
OP
Oakland, CA · Member since 2016 · 14 posts · 5 votes
9y
Thank you for the warm welcome and the resources.
Again, just getting started thinking about all of this but what's on my radar now is to build a portfolio with enough cashflow to transition from my desk job to managing those properties myself. Not looking for a "get rich quick" situation, but to build something that I can fully transition to within the next 10 or so years.
Thoughts that have gone through my head recently as starting points:
1. Du/quadplex investment somewhere outside of immediate SF Bay Area so it's more affordable.
2. Downsize from my current SFH to a condo or smaller house, and rent the current house.
3. Multifamily investment outside of California, but not sure if that would even be an option. Starting to read on tax implications, the reality of having a property I have to rely on management companies to run, etc.
Again, looking forward to learning more and hopefully at some point start contributing to the discussions here as well. Thank you again.
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Account Closed
Real Estate Agent · Turlock, CA · Member since 2016 · 28 posts · 7 votes
9y
Hi Sagar Mata , If you're interested in investing in the Central Valley, where prices are more reasonable, feel free to contact me.
0 Reply
Sagar Mata
OP
Oakland, CA · Member since 2016 · 14 posts · 5 votes
9y
Thank you @Account Closed. I'll let you know what direction I start to go in as I continue to learn, crunch numbers, etc.
1 Reply
Jen L.
Realtor · San Francisco Bay Area, CA · Member since 2016 · 123 posts · 48 votes
9y
@Sagar Mata Welcome to BP! It's great to see another new comer from the Bay Area! It is a completely different ball game here.
0 Reply
Leslie Pappas
Professional · San Francisco, CA · Member since 2014 · 876 posts · 301 votes
9y
Welcome @Sagar Mata! BP is a great community to learn more and make some contacts. Best of luck!
0 Reply
Sydney Hall
Home Stager · San Luis Obispo, CA · Member since 2016 · 312 posts · 49 votes
9y
welcome to bp!!
0 Reply
Jerry Padilla
Lender · Rochester, NY · Member since 2014 · 3k+ posts · 1k+ votes
9y
@Sagar Mata
Welcome as well!
@Ryan Landis may be able to give you some answers as well. He is a local agent.
0 Reply
Brad Turley
Real Estate Agent · Sacramento, CA · Member since 2014 · 73 posts · 16 votes
9y
Hi Sagar, I'm also in the bay area! Feel free to contact anyone here or myself. Welcome!
0 Reply
Nicholas Calciano
Lender · Moraga, CA · Member since 2016 · 35 posts · 5 votes
9y
Hello @Sagar Mata!! I am in the East Bay (Moraga) and grew up in these areas and very familiar with California. Let me know if you have any questions on locations!
P.S. I am also looking for any type of multi-unit
Welcome!
0 Reply
Ryan Landis
Residential Real Estate Broker · San Mateo, CA · Member since 2013 · 585 posts · 264 votes
9y
@Jerry Padilla thanks!
@Sagar Mata come out to one of the upcoming BP Meet ups in December if you can - one of the best pieces of advise I can give is ask what the other people in attendance are doing (some invest out of state, within a few hours, some locally). In the end, depending on what you need you will take a different approach.
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