Hi all...from Southern California
Hi everybody. I recently signed up and thought I'd take a moment to introduce myself.
I'm 39 and work in the financial profession managing investment portfolios for wealthy individuals, trusts, pensions, etc.
For quite a while, I have been interested in purchasing multi-unit properties for long-term hold. I think that the recent downturn in the real estate market makes this much more attractive at the moment. I'm interested in buying in my local area, which is Long Beach. One problem I am seeing is that there is no way to reconcile the prices in the area with some of the rules of thumb used on BP (i.e. 50% and 2%).
I'm very comfortable with the analysis of potential investments, but I will need some help with the expense data. What I would like to do is start posting some of my analyses and see if they pass the smell test here on the forum.
Looks like BP is a great resource and I look forward to learning more and contributing as much as possible.
Steve