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Updated almost 10 years ago,
New investor from Los Angeles, CA
Hi everyone!
I'm Don Nguyen and I hail from the South Bay area of Los Angeles, CA. I moved here about 8 years ago from Michigan.
I haven't yet invested in any properties, but I'm hoping to dive into it soon. My primary interest would be in buy and hold properties with positive cash flow. The Los Angeles area is probably not the best area for this, so I'm definitely open to investing in other markets across the country. I'm not quite sure which markets I want to get into yet, but I've heard that Detroit could be good for this and the idea of investing in my home state is appealing to me.
Ideally these investments could remain relatively passive, because I have a full time job as a rocket scientist... That is not a joke. My day job involves design and analysis of guidance, navigation, and control systems for rockets. It's a dream job that I'm pretty passionate about, so I won't likely give that up. I'm definitely willing to put in the work to find the properties and perform the neccessary upkeep, but an investment strategy that would require full time attention would not be for me.
As such though, I'm pretty good with numbers and the idea of an investment that involves some analysis sounds super interesting to me. Various company successes has left me with a decent pot of money to invest. Investing in real estate seems like an interesting hobby in addition to being a good way to get some extra cash flow (Who couldn't use that, right?).
I've been roaming around the forums trying to get educated. This seems like a really awesome community of people. I look forward to getting to know the people here and to learn a ton.
Thanks!