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Updated almost 8 years ago,
Another Newb from Bay Area, California
Hello Everyone.
I missed the New Introductions when I started posting green questions. So I want to come back and start here.
I currently am a part time employee at a Dry Cleaners and an Uber Driver in the Northern Peninsula. I hope to run my Uber Driving as a business when it comes to managing profits and finances in order to earn maximum profits to contribute to my cash reserves. I have worked at the Dry Cleaners for almost 5 years as its was my first Job out of high school and an easy one, but the potential for a substantial increase in income is nill due to the limited hours and potential for the business to expand.
I was taking classes at College of San Mateo to pursue a degree in Physics, however, due to financial aid issues and my difficulty with Calculus, that has been put on hold. In order to supplement my education, I started watching Youtube Videos on Investing topics such as: finances, stocks, precious metals, commodities, Rich Dad Poor Dad, building wealth. Then I listened to The Creature From Jekyll Island by G. Edward Griffin on audible and what I took from that book was simple: Investing is critical to a secure future. This continued my interest and a few more videos on Youtube led me to BiggerPockets and Real Estate Investing.
I have already learned so much from The Ultimate Beginners Guide to Real Estate Investing, BP Podcast ep: 1-32 (need to catch up), The Real Estate Rewind and reading through any forum that catches my keywords.
Like many, I have an eagerness to get started and am currently looking for ways to get into the industry that result in both a gain in current income and education through experience.
My desired niche is either multi-families and small apartment buildings, with the hope to house-hack then buy and hold for long term positive cash flow and wealth generation. A positive cash flow high enough after expenses to be able to absorb any unforeseen issues is desired, but any cash flow is good cash flow.
My current goal is to gain a raise in income to generate cash reserves as a starting safety net, then invest With Low or No Money Down in the above niche.
Thanks For Reading,
Sergio Rodriguez