Not so new BP member from Santa Clara, CA

[Cindy Blanco]

Hi everyone! 

My name is Cindy and I've signed up to be a BP member for a few months now. I didn't formally introduce myself until now... I have not been active on the forum before and just getting out of my comfort zone.

I am a real estate investor/buy-and-hold property owner for about 5 years now, and my total RE experience has been about 10 years. When the RE took a down turn in 2007, something clicked in my head and I discovered that I really enjoy taking on the challenge to turn a little something into something a lot more!

BP forum/discussion has a wealth of knowledge and I thank BP and all the members for sharing their wisdom and experience.

Nice to meet you here! ^_^

Cindy

[Jay Y.]

@Account Closed I'm also in Santa Clara and a huge fan of the area. As I shared in the last BP meet up, I recently closed on a property here... The previous owner was also an investor and renting the place out for $2300/month.

The place was inherited in great condition and needed minimal work. It's a 3/2 townhouse and we just secured a tenant for $3100/month without much effort... This is why I'm back investing in the Bay Area!! Yes, prices have climbed up a lot from a few years ago, but so have the rents which make local investing so much more attractive. Cash flow may be minimal upfront, but in a few years, it will trump what you can probably get out of state. Not to mention you're dealing with a much higher quality tenant pool here with everyone making $100k+ salaries. And let's not forget appreciation, which is how you really make money in Bay Area REI...