Grad student new to real estate interested in sacramento

Grad student new to real estate interested in sacramento

Member since 2019 · 3 posts · 0 votes

Hello everyone! 


My name is Jeremy Andrews and I am new to this website. My wife and I are currently graduate students in the bay area. Audiology and physical therapy respectively. We both have a passion for helping others, which lead us to our careers. Unfortunately for us, the salaries we anticipate on making will not be enough to get us away from our student loans.

Currently I am at a clinical rotation for 8 weeks which requires 2 hours of commuting a day (yay bay area). I saw this as an opportunity to educate myself on a topic I have always been interested in, real estate investing (REI). I have been bouncing around the BiggerPockets podcast for the past 4 weeks and am finally taking the step to make my initial post!

After having listened to the podcast and its various guest, I have glimed some tips that will helpfully inform my trajectory in REI.

1) My ultimate goal is to replace my wife's salary within 10 years so that we can replace the time she works with time spent with our kids (don't have them yet but we plan on trying it November so fingers crossed!) 

2) Based off the different approaches to REI, I think BRRRR sounds the most appealing. I anticipate this being our method of investing to catapult us into the place we want to be.

3) We want to explore the sacramento market. This is where we plan on moving after graduation next year and both absolutely love the area. 


Anyways, thanks in advance for taking the time to reading my post and I look forward to saying hello!  

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  • Sunnyvale, CA · Member since 2018 · 191 posts · 178 votes
    7y

    @Jeremy Andrews hey, welcome to bp!! Sometimes it can get quiet, sometimes you get lucky.

    1) have you heard of grant cardone? I haven’t read any of his books yet but I love the idea of 10x. Why not make your goal 10x what it is? Think 10x. Think bigger :) in 10 years, you should replace both your salaries to spend time with your kid(s) :p

    2) there are many strategies in REI. Many people will tell you different things. You'll find lots of information. You have your own experiences that shape the way you think that others will not understand. Just keep on connecting with people and you'll eventually find the right set to help you in where you want to excel. My personal agenda is buy and hold Single Family Residence (SFR) in good school districts. One is not "better" than the other. Just different :)

    3) be prepared to deflect the haters and this is really where you want to find people who can help you. Many will says, “CA is too expensive. You can’t cash flow in CA. I’d do this instead of buying in CA.” You don’t need their negative views. By all means if you want to invest out of state, go right ahead, you but it seems like you have your sights set on sac :). Go forth and conquer!!

    Welcome to the Community and GL.

  • Member since 2019 · 3 posts · 0 votes
    7y

    Hey Steven! Thanks for the reply and the information. 

    Thinking 10x bigger is a mind set I would love to adopt. I'll grab the book and listen to it on my commute to clinic. 

    Also, I will be sure to be open to all the different ways of investing to make sure I find the right ways for the right properties. I love the idea of buy and hold and SFH.

    And I've certainly gathered that people have different opinions about which markets are worth investing in. I think the challenge ahead for me is navigating the "good" advice from the "hating". I love the positivity you're sending and I will try and keep that mind set movingly forward ! 

    Thanks again for the reply! 

  • Andrew SyriosPro Member
    Moderator
    Residential Real Estate Investor · Kansas City, MO · Member since 2014 · 10k+ posts · 5k+ votes
    7y

    Welcome to BP Jeremy and best of luck investing!

  • Member since 2019 · 3 posts · 0 votes
    7y

    @andrew Syrios Thank you, can't wait to get started. 

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