New Member from SF Bay Area

[Edward Chan]

Hi everybody,

I've been lurking around BP forums for a little while now and thought it was finally time to make my first post. 

A little about me: I am a sales engineer working in Silicon Valley and I am in my mid-20s. My interest is mainly in accumulating rentals for cash flow. I see that my greatest barrier to entry is the high prices in my immediate area and a lack of contacts to turn to for mentorship and deals. I hope that my participation (mostly lurking for now) on this forum will help me build that network in California and my knowledge base as I accumulate a nest egg through my day job.

As far as tackling the high prices in my area, I have a great interest in starting with a single family home in Stockton (about 1.5 hours away), and moving onto multi-families once I get that first property under my belt. I have a vague idea of the criteria for my search. For example, I would try to target graduate students at UOP as my tenant base. Also, from discussing with friends and perusing the internet, it seems like Stockton is on an upswing. I ran into this article today:

http://www.sfgate.com/news/article/Stockton-travel...

For those who made it to the end of my post, I appreciate your time! I will continue my lurking and make a concerted effort to participate in the dialogue as much as possible. Looking forward to REI and everything it stands to offer!

Edward Chan