New investor from California

[Samuel Persson]

Hello all, I am excited to be a part of this group. I'm 28, married, 1 daughter and one more due mid December. My primary income is Electrical Contracting in the California Bay Area. My portfolio is currently two properties: 1: My primary residence 1450ft 3 bed 2 bath 1980s home. Paid 145k, 3% down @3.125% interest. Have a grant for 20k of the loan for 30yr no interest due on completion of 1st mortgage. Purchased 2013. 2: 1/2 acre lot next door to primary residence. Needs to be cleaned up for trees and brush. Plan to entitle and sell later. 20k purchase price, 2k down, 6% interest, 15 yr amortization on a 7yr loan. Loan from property owner. Purchased 2016 Long term goals include: Purchasing or building small ranch 20-40 acre to include primary residence and extra home for elderly family. This is set at 5yrs out. I'm planning to stockpile cash until then, but could do some wholesale or flips to build up the cash. Would like to build a portfolio long term to allow several horizontal incomes to allow retirement Any and all input welcome! Thanks, Sam