All Forum Posts by: Daniel Moreno

@Dan Heuschele @Kenneth Donaghy @Twana Rasoul  Thank you gents for taking the time to offer your advice.  I agree with the baseball and marathon metaphors.  I am definitely not swinging for the fences my first trip to the plate.  Nor am I in a race to acquire as many doors as fast as I can.  As one who is just starting out it is easy to feel like I am missing out on an opportunity or potentially making a mistake that could end up being a setback.  Yet it is all part of the process and I agree with you all that it is best to get very focused on our current strengths, have a vision for what the future can look like and most importantly get started.  I'll keep you all updated.  Peace.

Hi everyone.  This is my very first post on BP!  I have been following the podcast and reading the forums actively for about a year now.  Thank you all so much for what you have contributed.  This is an amazing resource. 
Here goes.  My wife and I are beginning our journey to become homeowners  and investors in one of the most expensive markets in America.  We love San Diego and have no plans to leave any time soon.  We are have worked hard to save funds for a down payment.  We have paid off all debt and both have credit scores in the high 700s.  We are preapproved for $450K single family and or $600K multi family.  I am aware that this doesn't give us a ton of buying power.

However, our realtor is mainly showing us condos that look like they have been hastily and cheaply renovated for a quick flip.  If our buying power keeps us in the condo territory for now I would prefer something that I can add value to.  Ideally we want to be in a duplex or house hack that we can rent out and hold until our child, (who will likely live semi independently), could move into in the future. 

So BP if you are further down the road in your investing career how might you advise someone in my position?  Thanks again to all who contribute to this community.