Hi from San Francisco

[David Kanter]

Hello Bigger Pockets! My name is David and I live in SF. I've been here about 10 years and have been a master tenant for 7 years and I own part of a large multi-family building in CO, as a passive investor. I work for myself in technology and have some spare time to learn new things. I am very strong quantitatively and quite familiar with economics and various aspects of the tax code. I also know a fair bit about SF rent control laws.

Fun fact: I worked on a derivatives accounting investigation into Fannie Mae a few years ago, looking into interest rate hedges.

I started learning about real estate within the last 6 months, but quite a few of my family members have RE backgrounds in Chicago, and the Southwest. I'm looking to become an active investor and acquire a 3-4 unit multi-family home in SF using a residential loan. I am in the process of building out my team, and I'm always looking for advice from those with more experience. In that vein, I've been listening to the BP podcast for a while.

Longer term, I'd love to continue investing, but SF is a very difficult environment for anyone who favors cashflow. Most 2-4 unit buildings seem to be sold for 2-5% cap rates and negative cashflow. I aspire to learn from the mistakes of others, and make my mistakes as painless as possible. I also believe that deals only really work when everyone's interests are aligned (which is why I'd never buy a flip, or flip myself).

I will be going to the SF Real Estate Meetup that J Martin organizes tomorrow, if anyone else will be attending.

I very much enjoy learning and am always happy to share my process and lessons I've learned with the community.

David