New member from San Francisco, CA!

[Samir Pathak]

Hi everyone!  

A good friend has been subscribing to this site for a while and convinced me to join!  I currently live and work in San Francisco, but recently sold my last primary residence in San Jose!  I lived it in for a few years and rented it out for the past couple (incredibly lucky with two fantastic sets of tenants!).

I decidedly to sell my place to take advantage of the Two-Year Ownership and Use Rule and because the market has been doing very well.  I want to take that profit to use it to diversify assets and build a healthy rental foundation.

I have some short, mid, and long-term goals (as naive as they may be for just starting) as follows:

• Short-term: Buy 1 property per year
• Mid-term: $2,500/mo in residual income
• Long-term: Own 1+ multi-tenant properties

I'm very new to real-estate as an investment outside of the two years I rented my home.  I know as I hone in my investment types and locations, these goals will change (and they may be ludicrous now), but you have to start somewhere!

Excited to join this community, learn a ton, and spread the knowledge that I learn as well!

Cheers,
Samir from SF