New Investor in Central California

[Jason Clark]

Hi Everybody, thanks for hosting such a great forum. As a new investor I have read many articles from Google searches that always showed BP at the top of the list so I decided to finally sign up. Glad I did, there is a ton of info here.

As I stated I am new investor. Currently I have my primary home in San Jose, Ca. but recently purchased a rental home in Kingsburg, Ca. for my mom. The mortgage with tax and insurance was more than my mom could afford so I cover the difference every month. 

It's kind of weird being my moms landlord but she thinks its great and she loves the house so I know she will take care of it even though I take a $150 loss each month . Purchasing that house gave me the bug to begin looking into other investment properties so as I learn my way around I'm sure I will have questions.

Thankfully I'm in a good solid financial situation now as I have a roommate that covers half of my mortgage + bills as well as a good paying job in the BioTech industry. My home has a lot of equity in it so I am looking to begin using that as down payments on other properties if the math works out. But being new and not having anybody I know that invests makes it difficult to get advice or direction. So that's why I'm here. Thanks in advance for all of the info I am sure to absorb over the coming months and years.

Jason Clark