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Updated almost 10 years ago,
New investors from Bay Area (California)
Hi,
New investors here from Bay Area (CA). My husband (@Welbon Salaam) and I are located in the East Bay. I work in the tech industry and my husband is in between jobs.
We currently own one rental (purchased in 2010) alongside our primary home. We would love to expand into more rentals. Being from the Bay Area we will be looking to invest in other CA areas or out of state, as the Bay Area is too expensive for us. Business plan is a work in progress :), however our initial strategy will be to concentrate on buy-and-hold multifamily (up to 4 units to start) properties. Looking for the best strategy for initial and subsequent funding, but this will be in another post.
REI makes a lot of sense to us as a long term investment. I think we would want to try a flip at some point as well, we have been doing all the projects in all of our homes so far (except the roof) and it has always been a fun and interesting process.
So far we are reading a lot on BP, listening to the podcast and reading books. BP seems to be an awesome resource so far, and we look forward to learning more about RE investing!
Question about Pro membership – the features look great and we definitely want to sign up for it, but as newer investors we do not want to each sign up for Pro Membership. Wondering what is the best approach – have one Pro and one regular account?