New to BP from SF Bay Area
My husband and I purchased our first investment property in 2011 in Fairfield, CA. We bought a single family house for $169,100. It is now worth ~$400,000. We are renting for $1,795 and bring in about $200 cash flow each month.
We put our investing on hold while our three kids started applying for college in 2012. Our oldest just graduated in June and our twins are juniors.
During our annual new year's eve yearly planning, we decided the time is right to get back into investing. Since California is currently a tough market, we are looking at small MF properties out of state. We are currently researching where to focus our investments. We have been looking at approximately 20 metro areas with solid job and population growth. Now we just have to narrow it down the right location. :)
Any recommendations would be appreciated. Looking forward to discussing and learning from all of you.