All Forum Posts by: Rahul Bhatt

Hello guys Im new and Ive been reading for a while within 5 hrs. Most of the suggestions here isto join a local network, how do I find them? Im in Fremont, CA but I can drive around bayarea and sanfrancisco

Im self employed for two weeks now working on my small business. Im really interested in REI and willing to learn and succeed. Today is my first day and I hope to connect with all of you.

thanks!

I made a goal to buy a duplex by screening for ones that follow the 1% rule. However, I've looked around at the Bay Area and Sacramento using redfin, and I'm not finding anything that really meets this criteria. Even in places in Oakland it's more like the 0.5% rule. 

Is there a better way to screen for places in CA than this rule? Does appreciation play a larger part?

Hello from Modesto,

I agree that the prices are better outside of Modesto and Turlock but there are still good deals here too.  We just have to talk, talk, and talk to people, find out about their situations, their friends and their family situations.  Just gave a broker a deal that had over 75K equity.  Remember to always talk real estate to everyone.  This spring in my Spanish class, real estate was brought up, because of that conversation my professor decided to buy another property, of course he's buying right this time and renting out his home.  It felt good to teach my professor something about investing in real estate and how to do it right.   Also, because of that conversation I got a couple of leads as to buying their homes, hasn't happened but I am grateful that I was able to educate a couple of other students in the business of real estate and investing.   Real estate is just great fun and exciting!

Emma

Hi everyone!

I'll try to keep this short because I could really type a wall of text here. My name is Tim and I'm 25 years old. I have been interested in real estate since I was probably about 16 years old. I'm finally at a point in my life where I feel I can pursue my real estate dreams at least part time. I've been researching REI for quite a while, reading blogs, listening to podcasts, and hundreds of google searches usually beginning with something like "How do I...." or, "Should I...." A majority of those searches brought me here, so I thought it wise to pay Bigger Pockets some attention.

After 8 months of looking and waiting for a great deal, I purchased my first home back in July 2013.  Because of the great price I received, some renovations, and inexplicable(to me at least) appreciation I seem to have $70-80k in equity.  After a lot of research, it seems like a great idea to put part of this equity to use through cash-out refinancing and using this capital to invest in a flip house.  My long term goals however are to build up a portfolio of rental properties for long term cash-flow.  Now my goal is to figure out what path to take to get me there.

Thanks to the BP community for the vast wealth of knowledge present here, it is truly invaluable!