Brand new investor from bay area

[Vinod Sirimalle]

Hi all,

I am a fairly new real estate investor. I have been trying to get into real estate investing for a while, but never figured out how. One day I called up a very good friend of mine, who is a realtor in east bay. With his help, advice and guidance I was able to secure my first SFR. I am now working on a second one.

What got me to BP was the podcast. After listening to one podcast, I was thoroughly impressed by the panelists, learned a lot, more importantly it showed me how passionate this community is about learning and sharing. Had I known about this in 2012, I wouldn't have sold my condo in SF mission district in mid 2012 for $100K below my purchase price. I didn't know how to retain my SF condo and buy another one SFR (we needed a bigger space), so I sold that condo to use the equity towards the down payment of another house. One huge lesson learned replace "I won't be able do it" to "how can I do it?". That condo now rents close to $5K a month - huge cash flow. Very costly lesson, which I'll never forget.

At the moment my approach is to invest in a few properties with a buy-and-hold strategy. I would also like to partner with folks to invest locally or out-of-state.

Looking forward to connecting, participating and growing with the community.