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Updated about 8 years ago, 11/14/2016

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5
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Andrew Njoo
  • San Francisco Bay Area
0
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5
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New member from SF-Bay Area, California

Andrew Njoo
  • San Francisco Bay Area
Posted

Hi everyone! I am a recent graduate (25 years old after 2 years in Singapore army, British schooling system), and am back in the Bay Area as I grew up here some time ago.

My degree was in Accounting & Finance, and now I am looking at purchasing my first rental property (although probably not in the Bay Area as the prices are too damn high!). 

Anyways I'm quite open to move to a new low-COL city, get a job in finance/accounting, and meanwhile buy a property, renovate it, and rent it out, and repeat it. If I can get a 15%-20% IRR and keep it going for several years that will give me 4-6X return on my starting capital + wages earned after 8-10 years.

My goal is to hit $4m by 40; buy a $1m house, $500k buffer, and $2.5m to fund a 4-5% annuity so I can travel the world in a jeep, car, boat, whatever and retain the optionality to stay at a nice hotel/ home-tel when I want to :)

Anyways if anyone in the Bay Area has the same goals, interested in construction/ real estate especially out of state opportunities, hit me up, I am open for chat/ whatsapp/ coffee or w/e. 

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