New BP member in East Bay Area looking for MF rentals

New BP member in East Bay Area looking for MF rentals

Investor · Pleasant Hill, CA · Member since 2017 · 37 posts · 5 votes
I've been "house hacking" through several properties I've owned and sold since 2004. Over the years, I've read many books on real estate investing, trainings, etc with the hope of making it happen as an investor but then I got a new job, moved, and had 3 babies in pretty close succession which delayed my plans a bit. Currently, I own a home and live in Pleasant Hill, CA where I have converted the in law unit into a completely separate living quarters with yard and driveway, which delivers $1,200/mth. We also recently purchased a home South Lake Tahoe that we turn as a vacation rental. We are looking now at much more of a dialed in strategy for acquiring and managing income generating properties, and would like to dive in with a MF as soon as possible. I currently work full time in tech, but my wife and I are very passionate about real estate investing and find that it's taking up most of our free time recently, mostly because we are excited about learning and eager to dive in more aggressively. Since my wife is self employed, also very interested in how to maximize solo 401k for use in acquiring properties. It's key we find a CPA asap that can help us properly structure our existing investments and plan for the future, so please let me know if you have any recommendations. If anyone is in the area, I would love to meet up and connect, so please reach out. Happy to be apart of the BP family and hoping that the next 12 mths gets us closer to our goal of independent financial freedom! Thanks all and look forward to connecting. Jared
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  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    9y

    @Jared MontBlanc

    Welcome to the BP family! Good to have you here! Here are some recommendations for you:

    Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts
    Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
    Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

    If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

    Wishing you the best!

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    9y

    Hello @Jared MontBlanc, welcome to the site! It's great to have you here. 

    BiggerPockets
  • Investor · Pleasant Hill, CA · Member since 2017 · 37 posts · 5 votes
    9y
    Thx! Dmitriy Fomichenko if you have any info about solo 401k in real estate I'd be very interested. My wife is self employed and we are looking to min tax exposure and leverage our dollars in the best way to acquire property.
  • Investor · Pleasant Hill, CA · Member since 2017 · 37 posts · 5 votes
    9y
    Dmitriy Fomichenko
  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    9y

    @Jared MontBlanc, 

    you can start learning about benefits of the truly self-directed Solo 401k plan by reading this article:

    https://www.biggerpockets.com/blogs/2810/21298-sol...

    And feel free to reach out so we can schedule a call to chat.

  • Justin WindhamPro Member
    Banker · Nationwide · Member since 2015 · 4k+ posts · 1k+ votes
    9y

    @Jared MontBlanc

    Welcome to BP! Feel free to post any specific questions you might have regarding the Solo 401k.

  • Daniel HymanBusiness Member
    CPA · Milwaukee, WI · Member since 2016 · 2k+ posts · 1k+ votes
    9y

    @Jared MontBlanc Welcome to BP! I can totally relate to the time constraints of raising a young family. On one hand, it can delay investment plans. On the other hand, it can motivate to solidify the plans in order to provide for them! Best of luck.

    My Online Accountant572 Reviews
  • Investor · Santa Clara, CA · Member since 2014 · 138 posts · 54 votes
    9y

    Jared,

    Looks like you want to learn more about MF. 

    Feel free to check out this meet up:

    meetup.com/Los-Gatos-Real-Estate-Networking-Meetup/

  • San Jose, CA · Member since 2017 · 5 posts · 0 votes
    9y

    @Account Closed thanks for the tip on LG RE meetup! Right near me and just what i'm looking for. Looking forward to the next one.  

  • Gilian GegawinPro Member
    Virtual Assistant · Scottsdale, AZ · Member since 2017 · 236 posts · 38 votes
    9y

    @Jared MontBlanc  Welcome to BiggerPockets, Jared. Congratulations and I wish you a ton of success. You are not alone in your real estate ambition.

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