New member from Santa Barbara, CA

[Brian G.]

Hello everyone. Ive lived in Santa Barbara for about 6 years now but I'm temporarily living in San Jose for a few months. I work at a tech company in SB and bought two SFR in the last two years. Both are in Stockton, CA. My sister happens to be a realtor there so thats how it piqued my interest. Those houses are professionally managed and have positive cashflow.

I have an offer outstanding on a SFR in the Indianapolis area and hope to close on that soon. Ive found much better cashflow there and I have a local friend who is a property manager. My first goal is to get to 10 SFRs, probably in 3 different markets, over the next 4 years. I am considering finding some fix and flips to help me get there faster, but my day job can be time consuming.

I found BiggerPockets from the podcasts and was amazed at how useful it was. I have been doing as much reading as I can on RE but dont have a connection to any community so Im looking forward to collaborating with all of you on some deals!

[Ben G.]

Welcome @Brian G. when is your next trip to Indianapolis?  Yes, the cash flow is great, but only if you're investing in the right neighborhoods.  A lot of things can look good on paper for you out of state Investors in Indianapolis, but I get calls and emails all the time from out of state investors wanting to off load their Indianapolis properties that aren't performing.  

Make sure you're buying in the right neighborhoods and make sure you have a great PM no matter how good the deal looks on paper.