Rookie From Los Angeles Area

[Mark Gonzales]

Good Evening BP!

My Name is Mark. I am currently living in Downey California and will be moving to Spanaway Washington in the next few weeks. Im 30 years of age and Im pretty new to REI. I have been learning as i go as I'm sure most of us do. I stumbled into this world on accident by purchasing a completely outdated 1bd/1bath SFH (1935'ish) for 127k with the intent of holding on to it just for the write off. It was just my luck that the tenant turned squatter immediately after purchase. When things went south i put 65k in to the rehab and ended up selling for 405k. I was extremely satisfied with the sale and used the 1031 exchange process to purchase my first 4plex which I have owned for about 4 months now.

Through this process I've developed a passion for real estate and I've committed myself to learning as much as possible about REI and increasing my ROI with the goal of increasing passive income and growing my portfolio.

Im currently interested in finding multi family properties and also networking in order to invest outside California. 

Thank you and I look forward to spending lots of time diving through he wealth of information here at BP. 

-Mark

[Mark Gonzales]

@Shawn Ackerman I've started analyzing several deals in southern California where I'm more familiar with the market. I'm mainly interested in cash flow/Rents/ROI as well, and also with the intention of selling a few years down the road in order to grow. I've been finding deals that can generate a 13-15% ROI, and a couple properties that are looking like 20% ROI . Of course this is just a rough estimate and with 20% down I'm looking at approximately 70k. What I've been researching is if it would be more beneficial to invest in a cheaper market so i can increase the quantity of properties. Ill have to keep researching.

Thank you For the advice @Rebecca Knox :) Im looking forward to the process.