New Member (Bay Area) investor apprentice opp

[Rob Pelayo]

Hello BP community,

My name is Rob. 26 yrs old. I currently reside in Santa Clara, CA. Looking to connect with local investors in my area. Would love to become an apprentice to an investor in need of part time help. I am currently a commercial electrician apprentice for the Santa Clara County Union and have completed my residential apprenticeship. I have had the great opportunity to be a part of real estate through the building/trades hands on perspective. Am now looking to supplement my career by starting in REI, more specifically in the multifamily rentals area. I have been actively listening to the podcasts and picked up a few books to further educate myself. Parents own a few propeties in the central valley area and would love to follow in their footsteps. Feel free to offer suggestions on what I can do to make this "jump". Look forward to working with all of you. Thanks a bunch!

[Tom Mozzone]

It's a small world! I'm a 5th year inside wireman in 332. I only own about 3 rentals plus my home that I also rent out rooms from down here in Gilroy but I am starting up a wholesale operation and may possible have some work for you as that grows later down the pipeline. I also will gladly pay out finders fees if you come across any good deals that your not interested in for yourself.

Rich Dad Poor Dad is a great start. In the beginning I was reading atleast a book a month. If your not already listening to podcasts and audio books on you commute to work if recommend that also.

Depending on your lifestyle and business tactics I would say house hacking a 1 to 4 unit residential building would be a great start. If you live in one unit you can rent out the others to pay the mortgage if you buy at the right price. You also get the benefits of not needing as big of a down payment and a lower interest rate because it is "owner occupied" Also, the potential rent of the other units can help you have a higher purchase price that you qualify with from a bank or mortgage broker.

If your good with your hands in more than just electrical, I'd also recommend something you can put some sweat equity into. I often bought homes that needed some work, put 3.5% down, fixed them up, then refinanced them since I had more equity so I could them get a better interest rate or even take some cash out to put down on the next house.

Anyways, welcome to the site and good luck getting your feet wet. If you ever want to pick my brain feel free to PM me.