New Member from San Diego
Hello everybody,
My name is Pierce, and I'm a newer member of BiggerPockets. I am an (aspiring) buy-and-hold real estate investor, and I'm most interested in the snowball effect of growing a portfolio of cash-flowing properties.
I currently own a 6 unit building in Redding California where I am from, and intend to house-hack my next purchase here in San Diego. Looking for a 2-4 unit that /would/ cashflow if I weren't living in it. I intend to self-manage, do any type of rehab, and generally learn the business by doing everything myself at least once. I've met with a great realtor, been pre-approved for an FHA loan and evaluate at least one property a day with a spreadsheet I devised. Unfortunately 99.9% of the properties in San Diego are terrible cash-flow investments, but I only need one!
Anyhow, very excited to be a part of this community, and if anyone needs a grunt in San Diego, I'm a hard worker and I love to learn!
Most Popular Reply
Welcome Pierce,
Great portfolio plan. I used to flip all over central valley- from Stockton to Lodi. You are on the right track, keep evaluating every day and eventually you will find something. I'm an investor turned Realtor, and learned that unfortunately most Realtors don't understand the investing numbers, therefore most "investment" properties on MLS don't pass the evaluation stage.
Networth Realty is a local wholesale brokerage, I highly suggest meeting with them to see what they can offer, those guys hustle hard!
Other than that, go off market to create your own deal. I will mention that I work hard for my investor clients, including finding off market properties.
Best,