Hello from San Francisco, CA

18 Replies

Hello All,

Great to be here.  I found out about this website from reddit.  I read some good success stories and decided to create my profile and introduce myself. 

I am 46 years old, married with a kid. I work full-time on W-2 as an IT Consultant in San Francisco, CA. I have dabbled in the stock market and have been fairly successful. It is because of my fear of taking loans in the past, it has taken me so long to venture in REI. I feel I am ready now.

My focus is on increasing cash flow and building equity.  I am giving myself at least 3 months to catch up on all the reading and education and then go from there.  I have yet to crack a deal or buy a property.  Out-of-State property will be ideal.

For anyone looking to meetup in FiDi, please feel free to PM.

Happy REI to us all!

Thanks,

Neel

Hello! @Neel Jain

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp



The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I have other blogs that may be helpful here on BP in my personal blog that you can check out. Good Luck :)

Originally posted by @Brandon L. :

Hello! @Neel Jain

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp



The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I have other blogs that may be helpful here on BP in my personal blog that you can check out. Good Luck :)

 Thank you - will read up.

Originally posted by @Neel Jain :
Originally posted by @Ali Boone:

Welcome Neel! I'm in CA too (LA) and mostly do out-of-state. Great to have you on here!

 Thanks.  Currently reading David Greene's book but any tips would be helpful.

I've always done turnkeys out-of-state so I can't offer much for tips in terms of what David says. My only tip would be to really do the education bit in the beginning so you know exactly what you are getting into--what time requirements, effort requirements, risk, skills requirement, etc. People often don't know those before they dive into something. And just learning about what mitigates the risks on a particular strategy. Learning all of that ahead of time will save you a bazillion headaches and potential financial strain later!

Originally posted by @Ali Boone :
Originally posted by @Neel Jain:
Originally posted by @Ali Boone:

Welcome Neel! I'm in CA too (LA) and mostly do out-of-state. Great to have you on here!

 Thanks.  Currently reading David Greene's book but any tips would be helpful.

I've always done turnkeys out-of-state so I can't offer much for tips in terms of what David says. My only tip would be to really do the education bit in the beginning so you know exactly what you are getting into--what time requirements, effort requirements, risk, skills requirement, etc. People often don't know those before they dive into something. And just learning about what mitigates the risks on a particular strategy. Learning all of that ahead of time will save you a bazillion headaches and potential financial strain later!

 Thanks.  Any book recommendation?

@Neel Jain

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: https://www.biggerpockets.com/search/users

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: https://www.biggerpockets.com/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! 

Originally posted by @Ali Boone :
Originally posted by @Neel Jain:
Thanks.  Any book recommendation?

 I don't know what you're trying to do or learn.

 :-) everything you wrote about - time requirements, effort requirements, risk, skills requirement, etc. 

Originally posted by @Dmitriy Fomichenko :

@Neel Jain

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: https://www.biggerpockets.com/search/users

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: https://www.biggerpockets.com/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! 

 Thank you.

Originally posted by @Neel Jain :

 :-) everything you wrote about - time requirements, effort requirements, risk, skills requirement, etc. 

Oh, hmmm. No I don't know a book that talks about all that kind of stuff.

@Michael Zuber - thank you.  I relate to your 'giving back'.  As you know our Bay Area market is way too hot so looking for something OOS.  Could you be of any help there?

I have been researching some data / cities for OOS and have tons of ideas.  Do you come to the city?

@Neel Jain - As my profile says I chose to invest in Fresno as I could never stomach investing out of State but others have been very successful as you will see on Biggerpockets.  I don't make it to the city all that much but I am sure we could find a middle ground if it made sense for us to connect. 

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