Updated over 6 years ago on . Most recent reply
Investor from the Bay Area but not playing local!
Hello all!
I am a new (or soon to be) investor. I have generally worked a simple 9-5 tech job and have saved up some capital. In the past few months, I have found my passion for RE investing and have found myself consuming 10-12/hrs a day to learn more. I have not taken the leap but have taken steps to train myself in looking for opportunities.
My goal here is to network and learn more from others to help bring me to my financial goals.
Pretty excited to meet others and looking forward to working with everyone!
Most Popular Reply
Hi Gabriel,
Don’t rush into being an investor. To borrow a line from my little brother “It’s easy to buy, but it’s not easy to buy and make money.”
Everything in life has a price. Something is expensive for a reason, like our real estate market, and something is cheap for a reason, like the crap some out of state (OOS) turnkey providers and marketers try to sell to California suckers, I mean investors. You have to ask yourself this question. If it’s cheaper to own than to rent, why don’t the people buy? If they cannot come up with a few thousand dollars for a down payment to buy a place, what type of tenants would they be? Must be doctors and nurses who like to rent in the hood per Morris Invest - sarcasm. 😜
Although experience is the best teacher, it’s cheaper to learn from someone else’s mistakes rather than yours. Don’t give up on our expensive market too soon and chase after the faux cash flow OOS. Our market is really lucrative once you get it figured out.
If you have time this weekend, consider attending the Summit putting together by J Martin. Google SF Bay Summit 2019. It’s a great place to network with many successful local Bay Area investors and pick their brains on how to make things work in the Bay.
Best of luck.