Hello from a Californian investor new to BP!

[Kendra Mattson]

Hello BP!

I've always been interested in investing and bought my first stocks while in college in San Diego. It didn't take me long to realize that despite my research, I felt like I was essentially picking at random and didn't trust my ability to pick 'winning stocks'. That's when my interest turned to real estate. I didn't have the cash to get into the game at that time, but I knew real estate was the investment type for me.

About a year after graduation, my dad (who knew about my real estate aspirations) approached me about investing together in his neighbor's house in Rohnert Park (Northern California). We both jumped at the chance, which turned out be be not such a great idea- the cash flow was terrible. You live and you learn.

We've had that place for 2 years now (it cash flows a little better now and the equity is great) and I'm looking to use what I've learned for my next investment- a multifamily which I'm determined to make cash flow much better than my first try.

BiggerPockets has been a great help- I've been on here since sometime in January, I've listened to just about every podcast, I've read The Ultimate Beginner's Guide, but I hadn't posted until today. I'm excited to get involved, meet other investors, and share advice!

Nice to meet you!

[Jacobus Bor]

Just remember 

30 thousand invested in Texas  will give you lets say 3 thousand  in five years 15 thousand 

at the end of five years the property value increased  from one hundred to 117 in five years 

where you are 30 and lets say you were short 1 hundred a month x 5 years =6 thousand 

your property value increased from 325 to 395 

Texas  17 + 15 =32 thousand total gain

California   -6 + 70= 64 thousand total gain

Close to home 

not to worry about manager stealing from you 

not knowing the area  

I have been doing this for 40 years 

quit  thinking about being laid off the company cannot operate without you 

and if they were that stupid you would wind up with a higher paying job 

in a short time  and tell them thank you for laying me off.

Its all about positive thinking you can do whatever you set your mind to 

when i was your age i told a couple of people that i wanted to be worth a million 

dollars  when i was 35  people laught  at me i am the one smiling now .

Its all in the mind set your goal and stay on track and get away from negative thinkers 

ENJOY