New Member from California

[Faiz Yusufi]

Hey everyone!

After days of reading up on BP forums, I've finally decided to join.

I am from Woodland Hills (Los Angeles area). I currently work as a loan officer. I own two residential rental properties in the San Francisco Bay Area. I bought them in 2008 for $200k each and they have gone up to about $400-$450k. I am looking to expand my portfolio.

Right now, I can access the equity in the properties (about $190k total) and have about $100k cash. I have thought about buying multifamily units (5+) somewhere like Stockton, CA or Sacramento, CA. I have no experience with them but I know that the lender's qualify on cash flow - which I like...and also the fact that appreciation can be forced for multifamily properties.

Just curious to see what the experts on BP would do if they had access to the funds I do and wanted to expand their portfolio. My whole goal is to build passive income to retire early from.