New Member - Michael Torku

[Michael Torku]

Hi all. I'm a Software Engineer in the bay area ready to dive into the world of real estate investing. Would love to receive any advice and connections in the field as well as share knowledge in my areas of expertise.

[Jake Andronico]

@Michael Torku

Welcome to BP Michael! I grew up just north of San Francisco and moved to Reno, NV to live and invest. 

Curious to hear about your Software Engineer career and what you're working on. Sent you a PM. 

[Wilson Lau]

Welcome to BP Michael! You will learn a ton here :) I am based in San Jose and invest out of state in Ohio and north Kentucky. Happy to connect and share more!

[Andrew Syrios]

Welcome to BiggerPockets Michael and good luck investing!

[Remington Lyman]

Quote from @Michael Torku:

Hi all. I'm a Software Engineer in the bay area ready to dive into the world of real estate investing. Would love to receive any advice and connections in the field as well as share knowledge in my areas of expertise.

Welcome to BiggerPockets! BP helped me a lot in 2017 when I first started buying rentals in Ohio

[Samuel Diouf]

Welcome to BP Michael!

Are there any markets you have selected yet? 

[Min Zhang]

Hey  Michael, welcome to BiggerPockets! You're in the right place to learn about real estate investing. Can't wait to see you grow. Are you planning to invest locally in California, or are you open to investing out-of-state? I am always down to talk about real estate investing in Columbus, Ohio.I can share insights on investing on both single and multifamily properties, including out-of-state investing. I started off with a duplex in 2020 and now have a solid portfolio of rentals with my partner. Let me know if you need assistance!

[Travis Biziorek]

Hey Michael, welcome!

I'm also from CA but down on the Central Coast, although I spent a good 10+ years in SF proper, Walnut Creek, etc.

I primarily invest in Detroit and have been since 2019 (12-doors there now). There's a ton happening in the city and folks are finally starting to catch on. 

I'm also building an ADU here at our primary that we'll operate as a STR.

Happy to connect about either topic and share some advice/resources.

[Julio Gonzalez]

Glad to have you as a part of this awesome community, Michael! 

[Zach Edelman]

Welcome to BP!

[Simon Ashbaugh]

Hey Michael, welcome to BiggerPockets! This is the best place to start learning about real estate investing. First, its best to identify a strategy, choose a market that aligns with it, and establish your Core 4.

The main challenge I observed is that individuals often lack a clear end goal or strategy, or they select a market that doesn't align with it. Feel free to ask any questions you might have. All the best!

[James Wise]

Quote from @Michael Torku:

Hi all. I'm a Software Engineer in the bay area ready to dive into the world of real estate investing. Would love to receive any advice and connections in the field as well as share knowledge in my areas of expertise.

 Welcome aboard.

[Leslie Pappas]

Welcome to BP, Michael!

I live in Silicon Valley, and I specializes in real estate. I can tell you what people here have done to set themselves up for retirement. There are two types of investors here:

1. Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.

2. Buy or inherit and hold all their lives while working the properties for income.

I've seen teachers, firemen, software engineers and all sorts of people utilize both strategies successfully. One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible. One way or another, they are building their net worth.

Building net worth is how you may possibly retire with fewer worries. If your retirement utterly depends on having adequate cash flow from your properties, any downturns will cripple you. AND you must maintain adequate reserves to take care of the disasters that may happen.

Most of my clients fall into the first group above. There plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country. My recommendation if you choose to invest out of state is to choose cities in safe and economically diversified areas with above-average income and population growth. It can also be safer to diversify your investment properties across the country.

A very good source of local analysis, rereport.com.

So my advice- build your equity.

Best of luck! Leslie

[Maureen McCann]

Hi Michael...There is an investment group in your area run by SeeWing Yee. He has an outstanding meet up in San Jose. I am happy to make the connection. He would be an excellent resource for you. 

BTW...I work with many software engineers in the Bay Area. There is another group I work directly with at Google.  I am happy to introduce you to Snehal and Co as you may want to network with other engineers who are investing out of state.  DM me for the introduction. 

Cheers to Your Success!

[Zeke Liston]

Quote from @Michael Torku:

Hi all. I'm a Software Engineer in the bay area ready to dive into the world of real estate investing. Would love to receive any advice and connections in the field as well as share knowledge in my areas of expertise.

 Hey Michael, nice to meet you. I'm an investor and realtor in Ohio. 

[Michael Torku]

Quote from @Andrew Syrios:

Welcome to BiggerPockets Michael and good luck investing!

 thank you!

[Michael Torku]

Quote from @Zeke Liston:

Quote from @Michael Torku:

Hi all. I'm a Software Engineer in the bay area ready to dive into the world of real estate investing. Would love to receive any advice and connections in the field as well as share knowledge in my areas of expertise.

 Hey Michael, nice to meet you. I'm an investor and realtor in Ohio. 

 lovely! Would love to connect

[Michael Torku]

Quote from @Maureen McCann:

Hi Michael...There is an investment group in your area run by SeeWing Yee. He has an outstanding meet up in San Jose. I am happy to make the connection. He would be an excellent resource for you. 

BTW...I work with many software engineers in the Bay Area. There is another group I work directly with at Google.  I am happy to introduce you to Snehal and Co as you may want to network with other engineers who are investing out of state.  DM me for the introduction. 

Cheers to Your Success!

 Oh this sounds amazing! I have sent a connection request

[Michael Torku]

Quote from @Jake Andronico:

@Michael Torku

Welcome to BP Michael! I grew up just north of San Francisco and moved to Reno, NV to live and invest. 

Curious to hear about your Software Engineer career and what you're working on. Sent you a PM. 

Exciting! 

[Michael Torku]

Quote from @Leslie Pappas:

Welcome to BP, Michael!

I live in Silicon Valley, and I specializes in real estate. I can tell you what people here have done to set themselves up for retirement. There are two types of investors here:

1. Buy or inherit and hold for a long time, then cash out and redeploy equity into potentially higher cash flowing properties or other investments.

2. Buy or inherit and hold all their lives while working the properties for income.

I've seen teachers, firemen, software engineers and all sorts of people utilize both strategies successfully. One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible. One way or another, they are building their net worth.

Building net worth is how you may possibly retire with fewer worries. If your retirement utterly depends on having adequate cash flow from your properties, any downturns will cripple you. AND you must maintain adequate reserves to take care of the disasters that may happen.

Most of my clients fall into the first group above. There plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country. My recommendation if you choose to invest out of state is to choose cities in safe and economically diversified areas with above-average income and population growth. It can also be safer to diversify your investment properties across the country.

A very good source of local analysis, rereport.com.

So my advice- build your equity.

Best of luck! Leslie

 Thanks a lot for the insight!

[Michael Torku]

Quote from @Simon Ashbaugh:

Hey Michael, welcome to BiggerPockets! This is the best place to start learning about real estate investing. First, its best to identify a strategy, choose a market that aligns with it, and establish your Core 4.

The main challenge I observed is that individuals often lack a clear end goal or strategy, or they select a market that doesn't align with it. Feel free to ask any questions you might have. All the best!

 Thanks for your valuable words!

[Michael Torku]

Quote from @Wilson Lau:

Welcome to BP Michael! You will learn a ton here :) I am based in San Jose and invest out of state in Ohio and north Kentucky. Happy to connect and share more!

 Great stuff!

[Michael Torku]

Quote from @Travis Biziorek:

Hey Michael, welcome!

I'm also from CA but down on the Central Coast, although I spent a good 10+ years in SF proper, Walnut Creek, etc.

I primarily invest in Detroit and have been since 2019 (12-doors there now). There's a ton happening in the city and folks are finally starting to catch on. 

I'm also building an ADU here at our primary that we'll operate as a STR.

Happy to connect about either topic and share some advice/resources.

 Wow! sending you a pm now

[Michael Torku]

Quote from @Samuel Diouf:

Welcome to BP Michael!

Are there any markets you have selected yet? 

 No hard selections yet, but would love to discuss some of the ones I'm considering

[John Mason]

Michael welcome to this amazing board, and can you tell which are the markets you are looking at?