New Member From Boston- Currently in San Francisco

[Nick DePrizio]

Hey bp! Been devouring this site for a couple days and love the information. Starting from podcast 1- cant wait to catch up. 

I'm originally from Boston and my wife and I move to SF for tech related work. We own a condo in South Boston which we currently rent out. What really got me into this site was the initial article on valuation I read. Really opened my eyes. South Boston is a hot market, but so with price appreciation right now the 2 year holding period the TR is +100% but the COC and Cap Rate are like 3-5%. I'm a huge numbers guy. Love to learn this stuff and don't want to fall into those similar pitfalls- I'm also really practical so if I saw these numbers in advance (regardless of playing market appreciation I dont know if I would have done the same deal).

We have excess cash and don't want to put it in the stock market and long term want to work for ourselves on something passionate- why not be real estate. We are looking to get another property or two this year while maintaining our full time jobs.

The problem is where!? We don't know what market we want to shop in right now- San Francisco is absurd. Boston isnt that much better so right now going to take a couple months to read/listen to everything here. Participate on the forums, and get some books off amazon- starting with Gallinelli's "What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures"- like I said- love numbers and am methodical.

Also- if you're looking for additional reads I highly recommend "The Compound Effect" by Darren Hardy.

Looking forward to interacting with you all.

New life goal- to be on a BP podcast within 5 years.