Newbie Investor in Hayward, CA (Bay Area)

Newbie Investor in Hayward, CA (Bay Area)

New to Real Estate · Sacramento, CA · Member since 2020 · 5 posts · 5 votes

Hello, 

My name is Lorenz, I am originally from San Diego but currently reside in Hayward, CA. I work as a Data Analyst and am fairly new to Real Estate. My goals are to increase my wealth and ideally reach financial freedom through real estate. I came across Biggerpockets when I began searches around how to optimize the use of my savings. Saw real estate kept coming up and my parents actually own 2 properties that they rent out. The more I have learned the more I realize this is something I want to do and believe in. Then I came across the podcast, long story short; 4 books, 5 months, and 1 quarantine later, here I am signed up as a pro member ready to embrace the grind. 

I have tried discussing with my friends and family, yes my parents own 2 rental properties but it happened over the span of 25+ years. They don't take risks and neither do many of the people close to me. I want to surround myself with people who have similar goals to me and people I can learn from or with. I look forward to meeting many of you and hope to enhance my goals by being a part of this community. I don't expect it to come easy or be easy but I do hope for the best and expect the worst. Thanks for taking the time to read!

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Contractor · San Ramon, CA · Member since 2020 · 3 posts · 1 vote
5y

Nice Meeting you Lorenz! I too am in the same boat as you also in the Bay Area, right over the hill in San Ramon. Have you joined any investor clubs that are local or have any that you are thinking of joining? I'm just getting started in the investors side myself, I've been involved in construction since I was a little one LOL but now looking to take on a new path with buy and hold and fix an flip in the very near future.

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  • Contractor · San Ramon, CA · Member since 2020 · 3 posts · 1 vote
    5y

    Nice Meeting you Lorenz! I too am in the same boat as you also in the Bay Area, right over the hill in San Ramon. Have you joined any investor clubs that are local or have any that you are thinking of joining? I'm just getting started in the investors side myself, I've been involved in construction since I was a little one LOL but now looking to take on a new path with buy and hold and fix an flip in the very near future.

  • Realtor · Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility · Member since 2016 · 2k+ posts · 2k+ votes
    5y

    Welcome Lorenz!   I was stationed in San Diego for a number of years. Now I'm a Realtor here in Oakland so we are practically neighbors.

  • New to Real Estate · Sacramento, CA · Member since 2020 · 5 posts · 5 votes
    5y

    Nice to meet you @Zac Domingo ! I have not joined any investor clubs, when I first started I was more focused on learning so I could hold my own once I started networking, and with Covid, I have not had a chance to actually broaden my network until now through this site. That is awesome, I am definitely looking to do buy and hold, ideally working my way towards the BRRRR or flip strategy once my knowledge around that matter increases (as well as money) if it makes sense.

    Nice to meet you @Brian Garlington and thank you for your service. My mom is in the army currently stationed over in Colombia, SC. You are very close, I am on the border of Hayward and Castro Valley. 

  • Investor · Hawaiian Gardens, CA · Member since 2015 · 308 posts · 386 votes
    5y

    Hey Lorenz, 

    I moved to the bay a year ago, and currently in escrow to buy in Hayward. Some good opportunities with ADU laws, rental prices, lot sizes in Hayward. Nice areas on the Hill there

  • New to Real Estate · Sacramento, CA · Member since 2020 · 5 posts · 5 votes
    5y

    Hey @Derrick Dill, 

    That is good to know, I was considering a property that had an ADU already in place so I could rent out the house and live in the ADU. Currently, I am leaning more towards Sacramento as Hayward is still a bit past my affordability. I do believe it will grow even more so hopefully, I can up my income through real estate along with saving money to get some properties in the East Bay.

  • Flipper/Rehabber · Bay Area · Member since 2019 · 12 posts · 5 votes
    5y

    @Lorenz Lopez

    Hi how’s it going man. I’m not too far away from you in the Vallejo Area. I started investing in real estate about two years ago through flipping and I’m looking to get into a house hack soon. Hope we can connect!

  • Realtor · Austin, TX · Member since 2016 · 1k+ posts · 1k+ votes
    5y

    Love it!  Welcome @Lorenz Lopez!

  • New to Real Estate · Member since 2020 · 23 posts · 16 votes
    5y

    Any recommendations on local REI clubs?

  • New to Real Estate · Sacramento, CA · Member since 2020 · 5 posts · 5 votes
    5y

    @Royce Anies

    Awesome! Yeah, I was looking at house hacking for my first one as well. Looking at East Bay and Sac area. 

    @Bryan Noth Thanks! 

    @Kevin Mahoney None that I am aware of currently

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