Super brand new to REI based in San Diego!

[Patrick Senas]

Hello all,

My name is Patrick Senas and this is my first time on this forum. I'm actually a pretty avid reader of the great articles posted on this website but have never thought of joining since I figured I wouldn't get into real estate. But here I am!! Below you'll find information regarding myself and my goals in RE.

Short Intro:

I'm a US Navy veteran that left the service in 2013 and currently enrolled FT at UCSD for Aersospace Engineering. I also work FT at Qualcomm as a Test Technician. I was always too afraid of investing in general but enjoyed reading books and blogs about investing. I decided I wasn't doing myself any favors by just dreaming about being financially free, so I dove feet first into the pit and now I'm deeply invested in stocks, IRAs, you name it. The next step in my journey is RE!

Goals:

My investment niche and strategy is this; I want to invest in multi-family rentals and buy-and-hold. I figured the best strategy for me is to get either an FHA or VA loan to take advantage of a low or zero money down payment and low interest rates if I move into one of the units. Stay in the home for at least 12 months then roll right into another FHA/VA home. Rinse and repeat, until the lenders refuse to give me anymore loans! haha

I do have some questions regarding financing options but I'll post it in the appropriate thread. So if you see that post, feel free to respond! 

Thanks!

Pat

[Bradley De comarmond]

Welcome to Bigger Pockets @Patrick Senas

BP is loaded with all the information you will need to succeed in whatever niche of real estate investing you wish to pursue and the community is filled with knowledgeable investors and professionals to learn from and connect with.

BP is what you make it. The more you put in, the more you will get out of it!

Listen to the podcast for extra inspiration and investing advice and post in the forum for any questions you have. Members here are really eager to help. We're all working to succeed together.

Also, check the "networking events" tab under "Community" and go out there and meet people. That's the way to build powerful relationships. In fact, if you’re interested in investing out of state, check out The Out of State Real Estate Investors of LA Group.

Like you, I am living in CA (Los Angeles), but I focus on investing out of state for the 3x cash flow and reasonable cost of real estate. Florida is my state of choice.

P.S. - Two of the best books you can read (and re-read) are Rich Dad, Poor Dad and The 4-Hour Workweek. Both have been mentioned numerous times by guests on the Bigger Pockets podcast and I have detailed notes to both books. If you would like a copy, just let me know and I'll send them over. (but it's still highly worth buying the books.)