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Updated about 8 years ago,
New Investor In the California Area!
(Sorry to some as this is a repost, I posted it in the wrong Forum originally)
Hi All,
I want to start this conversation out by explaining a little bit about myself and my goals, and hopefully through that I can spark a few conversations and get to know a few people here on this site! My name is Shawn and I am 23 currently working within my Family's business and working my way up to management. I initially went to a community college in the Sacramento Area and transferred from there to UC Berkeley in the San Francisco area where I studied nuclear engineering. Now I have always had an entrepreneurial mind, but I also had a fascination with mathematics and the sciences. While I was going to school I began to work within the company and shortly after being there I was already one of the top producers within the company and already making more than I would have if I stayed in school a few more years. With this being the case I proceeded to continue on within the company and have been able to travel to Europe for a few weeks and have proposed to my now Fiancé while we were there. I am now looking to invest in real estate and I am in a perfect position to pick up my first property in the Sacramento Area, specifically the Roseville Rocklin area.
This is the situation I am in: Because I am working in the Family company I will be traveling all over the United States and will be as far as Florida from here for a few months at a time. With that in mind, my Fiance will be staying in the Roseville Rocklin area and I have proposed to her of buying a Multifamily property that I can use as a "Primary Residence", that her and her sister can stay in while I am traveling. This will allow me to take out an FHA loan on the property and rent out the other units to help pay for the rent, as well as take in some rent from the soon to be sister in law. As well, my soon to be father in law, Bryan is a licensed contractor and wants to get into the real estate game with repairs on properties and flips, so for me this will jus tbe the beginning of hopefully a long investing career!
What would really help me out right now would be some pointers as to potentially good agents in the area as well as some potential advice from investors in the area who are either into flipping properties or into buy and hold multifamily properties.
With all this being said, I would like to continue this conversation below with others either like me or who have been in my situation, or who honestly just want to say hi and potentially gain a new investor friend here on the site and potentially in person!
Best Regards,
Shawn Azam