New Investor in the Bay Area

[Akshar Puri]

Hi BP community - my name is Akshar and I am a new investor hoping to close my first deal this year.

My background: I have worked in the hedge fund industry for over 4 years, and am now trying to diversify some of my wealth into real estate. I am most interested in running a buy-and-hold strategy, but I am unsure of whether I should start investing out of state, or in the area in and around the Bay Area. My main objective is to buy properties (preferably SFH for my first deal) with strong cash flow (looking for 6%+ cash on cash return), with some appreciation on top, which I know is challenging in the Bay Area. However, traveling long distances to buy and rehab properties out of state can be very time consuming, which is a large con for me given my very very busy schedule.

I would love to connect with other investors located in the Bay Area, and am hoping to find some local REIA networking groups/meet ups (please let me know if you are aware of any!) I have been on BP for a few months, and I hoping to learn from other investors, find a mentor, and network!

Looking forward to being a part of the BP community, and getting to know other investors!