New Member from Southern California

New Member from Southern California

Multi-family Investor · Ladera Ranch, CA · Member since 2014 · 14 posts · 8 votes

Hello BP Members,

My name is Geoff Woods and I am excited to be joining the Bigger Pockets community.

A little about my wife, daughter and I live in South Orange County. Currently, my day job is Medical Device Sales. While this has been a very stable and lucrative job for me, I have always had a passion for investment and been fascinated by real estate. However, like many of you, there was something that happened in your life that COMPELLED you to take action... For me it wasn't until earlier this year that I realized I NEEDED to make a change in my life and how I earned my income.

Early in 2013, a co-worker of mine had a stroke at 35 years old. Luckily he recovered and is now back to work, but it really hit me hard. See, I had just had my daughter and realized that while life was good now (family in good health, making good money), my family's income was by no means "secure" because I had to wake up and still go to work every day. What would happen to them is something happened to me? That's when I put a plan into action and set a goal of having $12,000/month in passive income by 2021.

Since that time, I sold my condo, rolled my equity into a new single family home in South Orange County and am in the process of closing escrow on a 4-plex in Louisville, Kentucky.

I have joined Bigger Pockets because I am thirsty for knowledge. My goal is to network with like minded people, seek mentorship, help others progress in their investment career, and DO DEALS! If you are in Southern California, please reach out to me. Hopefully we can share our experiences and continue to grow together.

Thanks for reading, and to your success in 2014!

Geoff Woods
858.900.1159
[email protected]

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Most Popular Reply

Investor · Louisville, KY · Member since 2012 · 19 posts · 10 votes
12y

Hey @Geoff Woods ,

Welcome to BP and its nice to see out of town investors investing in my hometown of Louisville. Let me know if you ever need help from somebody with boots on the ground here. Take care, Bryan

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  • Sherman Oaks, CA · Member since 2013 · 3k+ posts · 2k+ votes
    12y

    welcome Geoff! You have a great plan.

    Thanks,

    Matt

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    12y

    @Geoff Woods

    Welcome to BP community! It is a great place to meet new friends and learn about various aspects of real estate and more. Here are a few recommendations for you:

    Find and connect with other BP members that are in your area http://www.biggerpockets.com/meet

    Set up keyword alerts to be notified of the topics that interest you http://www.biggerpockets.com/alerts

    Read Beginner’s Guide http://www.biggerpockets.com/real-estate-investing and check out BP Podcast.

    If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select that person below. He or she will be notified of being tagged so that the conversation will continue.

    Wishing you the best!

  • Investor · Louisville, KY · Member since 2014 · 30 posts · 3 votes
    12y
    Fantastic...how do u plan to manage the property from Cali? Will u be looking for more in Louisville?
  • Realtor · Los Angeles, CA · Member since 2013 · 54 posts · 19 votes
    12y

    @Geoff Woods Welcome to Bigger Pockets. I'm new myself and I've definitely found tons of info, both through the forums and the blog section. People on here are great.

    Congratulations on the four-plex! Sounds like you're on the right track. For us California folks, it seems out-of-state is the way to go.

    If you don't mind me asking, how did you find said property?

    My goal is to acquire a buy and hold property by the end of 2015. I would love to know what your very first step was in your Kentucky property.

    Again, welcome to our community. It's nice to have like-minded people.

    Have a great night,

    Brenda

  • Investor in Louisville KY! · Denver CO · Member since 2013 · 27 posts · 8 votes
    12y

    Geoff- welcome! Funny coincidence...I also I've in south OC (Corona Del Mar), and also invest in Louisville (closing on my 8th unit today actually). I'm born and raised in Louisville and have been out here for about two years on a temporary work assignment. What got you into investing in Kentucky? I noticed the 859 area code so I'm guessing you lived there at some point?

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Geoff Woods Thanks for jumping in and introducing yourself! If you haven't yet- be sure to setup some "Keyword Alerts."

    See you around the site!

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    12y

    Welcome to the site @Geoff Woods

  • Investor · Louisville, KY · Member since 2012 · 19 posts · 10 votes
    12y

    Hey @Geoff Woods ,

    Welcome to BP and its nice to see out of town investors investing in my hometown of Louisville. Let me know if you ever need help from somebody with boots on the ground here. Take care, Bryan

  • Realtor · Ventura County, CA · Member since 2012 · 126 posts · 61 votes
    12y
    Geoff Woods, Welcome to the BP community. I'm sure you'll find this awesome platform resourceful. Good Luck! Tim
  • J. MartinPro Member
    Rental Property Investor · Oakland, CA · Member since 2011 · 3k+ posts · 2k+ votes
    12y

    Hello Geoff. You came to the right place! I’m a buy/fix and hold investor in the Bay in CA. But you’ll find a variety of all strategies here on the website. A few tips on the website and on meeting some fellow investors:

    Search for local meetups here or google a local REI club to network with other investors. On the site, the "Learn" link across the top navigation bar has lots of great info, and so do the forums. You can tag people by typing @ before you type their name, then clicking their name when it pops up at the bottom of the message box. You can click on the ‘vote' button if you like someone's post or is helpful, and there are ‘awards' to earn on your profile. Good luck on everything!

  • Karen MargraveBusiness Member
    Moderator
    Realtor, General Contractor, and Developer · Redding, CA · Member since 2009 · 7k+ posts · 4k+ votes
    12y

    @Rosalina Brenda Berk Welcome to BP! I too am in O.C. We have a family business, and build new spec construction here. There's a wealth of information, in every niche imaginable to be found on BP. Enjoy!

  • Multi-family Investor · Ladera Ranch, CA · Member since 2014 · 14 posts · 8 votes
    12y

    @Stephen McCauley

    Thanks for your question. I have been referred to a few property managers out in louisville and am in the process of interviewing them. Assuming I do my job and hire the right person my goal is to maintain good communication (bi-weekly calls) to maintain the pulse on the property and then expand my portfolio.

  • Multi-family Investor · Ladera Ranch, CA · Member since 2014 · 14 posts · 8 votes
    12y

    @Brenda Araujo

    I found the property through my network. If you would like, I'm happy to speak with you live and share my experience so you can find yours!

    858.900.1159

    Geoff

  • Multi-family Investor · Ladera Ranch, CA · Member since 2014 · 14 posts · 8 votes
    12y

    @Nicholas Jacoby

    I decided to invest in Louisville for a few reasons.

    1) I wanted to focus specifically on multifamily residences that weren't too expensive (I am acquiring the 4-plex for $213,000)
    2) Was looking for strong cash flow
    3) Stable market that offered steady consistent appreciation
    4) Major metropolitan area, major business, strong price/rent ratio, large % of population who rent, low crime, etc.

    Ultimately, Louisville offered me all these things. Are all 8 of your properties there?

    Geoff

  • Realtor · Los Angeles, CA · Member since 2013 · 54 posts · 19 votes
    12y

    @Geoff Woods Awesome! Thanks for putting that out there. I'll definitely make the time to reach out.

    Have a great day!

  • Realtor · Los Angeles, CA · Member since 2013 · 54 posts · 19 votes
    12y

    @Karen Margrave Thanks for the warm welcome. If I have any questions about spec construction, I know who to ask.

    Have a great day!

  • Real Estate Investor · Agoura Hills, CA · Member since 2013 · 15 posts · 7 votes
    12y

    @Geoff Woods Welcome! I am new here as well and looking to buy multifamily out of state. Best of luck to you.

  • Real Estate Investor · Los Angeles, CA · Member since 2014 · 37 posts · 14 votes
    12y

    @Geoff Woods Hi Geoff, any update as to how things have been going in the last few months? I'm new to BP and am inspired by stories like your's. Also by living in SoCal, I know where you're coming from. Thanks!

  • South Bend, IN · Member since 2014 · 318 posts · 156 votes
    12y

    @Geoff Woods Welcome to the site. Now that is some initiative for your first deal to be a 4-plex on the other side of the country at least 2,000 miles away. Good job.

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