New Member from Southern California

[Santiago Almaguer]

Hey guys just a little background before I dive into this.

My name is Santiago, I'm from Ventura County in Southern California. I'm 22 and bought my first rental property when I was 20. At 19 I was hired at a fuel plant in my city as just a helper for the Accounts Payable and Accounts Receivable managers. I started off at $11/hr and would stay late every day trying to learn what I could. 3-4 months in, the AP manager left on pregnant leave and decided she wasn't coming back. I worked extremely hard to get the hang of the position wanting to quit at times. Eventually I asked for the promotion and got it, bumping my pay to $19.50 an hour. As you can imagine just 1 year removed from High school I was elated working full time with benefits. I saved and by February 2014 I acquired my first income property. A 2-1.5 condo for $135K (one of the lowest on the market at the time which still upset me though because just 6-7 months before there was some alot cheaper), I put $30k down and began renting out at $1300. The loan was first time buyer at 4.25 fixed. I was netting about $200 a month after everything. The condo was just remodeled and my tenants are fantastic. I currently pay $300 rent at my parents and have a paid off truck which was how I was able to save my $. I was a penny pinching hound. That condo is valued around $200k now and I currently owe $94k on it (ive been putting plenty on the principal a month. In the future I see myself as more of a hold type of guy more than a flipper but we'll see where I go. I don't work at that job anymore and made a mistake not showing much income the past year because I do have a substantial down payment saved up again which would lead to my next investment which i have questions on a buyer carrying the loan but I think that would belong in a different thread? Either way im a HUGE sports fan and listen to sports radio all day and recently felt like I discovered fire finding out about bigger pockets so ive made the transition to trying to catch up with the podcasts. It looks awesome here and just thought I'd like to introduce myself.. Thanks!!