Hello from a new BP'er! Located in Bay Area, CA

[Jason Yee]

New BP'er here. Currently own a rental in the East Bay, CA (Lafayette / Moraga / Orinda area) which my wife and I lived in before. It currently rents for ~$4,500 and we're breaking even with PITI and expenses. We're also fortunate to have a lot of equity in the home, about 50% of what it would sell for right now. While we're happy to see it appreciate year over year, my plan is to sell in the next year or two and buy a couple rental properties in Northern California (outer Bay Area or Sacramento) that strike more of a balance between cash flow and appreciation. I am not willing to do do out-of-state REI until I am more comfortable with doing it locally.

My short-term REI goal is to bring home an additional $2,000 net income per month to supplement my W2 income, and long-term my goal is to generate substantially more than that :)

Excited to be part of this community and learn from all of you! If you have any feedback or questions about the aforementioned goals / plans, I'd love to hear!