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Updated over 9 years ago on . Most recent reply

User Stats

7
Posts
5
Votes
Derrick Snearl
  • Rental Property Investor
  • Los Angeles, CA
5
Votes |
7
Posts

Programmer/Analyst (Los Angeles,Ca)

Derrick Snearl
  • Rental Property Investor
  • Los Angeles, CA
Posted

I'm a Programmer/Analyst (working in Los Angeles) who will be retiring in October of 2018. I own a duplex that I've had for over 20 years - it cash flows very well. My dad basically required each of my sibilings to own at least one income property. I felt I could do much better in the stock market, so I never really pursued real estate much further than the duplex. After being fairly successful with stock investing, my portfolio is at the point whereby I experience "huge" losses (and gains) do to the volitility of the market. I like the ups and hate the down days. I find myself looking at the duplex - it cash flows so nicely regardless of the market, regardless of whether the building has lost some value. So now I'm convinced I should have pursued more real estate during those stock investing years. I'm ready to get more aggressive with accumulating more income property over the next 10 years. I've been listening to hours of podcast and reading recommended books. I'm looking to pursue turnkey-solutions in areas outside of my state. I'm looking forward to learning more about real estate through the Bigger Pockets network of resources.

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