Newbie Landlord in Silicon Valley
Hi there BP folks,
A little about me... I own a town-home/condo in San Jose (Willow Glen neighborhood), and just leased it out. The home was my primary residence for five years.
After researching local rents, learning about property management, joining the California Apartment Association, I decided to rent it out, and make that my first foray into real estate investing. I'm almost breaking even with the rental income. My tenants are awesome so far.
Aside from that, I work in high tech full time. I am very intrigued about pursuing real estate investment as a new income source. I'm primarily interested in buy and hold income properties. Prices in Silicon Valley are ridiculous, so I'm researching what markets I'd like to invest.
Honestly, just making the decision to rent my house, and then following through crossed a huge mental barrier for me.
There is a lot helpful information and success stories on this site, and I can't wait to learn more
thanks,
Lars