First time investor from Long Beach, CA.

[Victor Medina]

Hey everyone, my name is Victor. I am originally from New York now living in Long Beach, CA working as an engineer in the aerospace industry.

I went to school at Carnegie Mellon University in Pittsburgh for 5 years and am now looking to invest in the Pittsburgh area (ideally multi-family) so if anyone has any recommendations or referrals don't be shy. Investing out of state has definitely been inducing some analysis paralysis....

A little bit more about myself I graduated with my masters/bachelors in mechanical engineering and am now working to getting a certificate in python programming. My hobbies include power lifting, random club sports (currently playing tennis, volleyball and softball), occasional PC gaming (overwatch) and hiking.  I am still fairly new to Long Beach so I occasionally attend local meetups.

I'm looking forward to networking with new people on this site as well as learn more to advance my real estate investment aspirations. 

Thanks!

 

[Anthony Angotti]

Hi @Victor Medina

Send me a private message and we can talk. Happy to share some knowledge and if you'd like to work together we can, but no pressure to. 

Plenty of deals in Pittsburgh work, you just have to make sure your numbers are realistic. Expecting giant cash on cash and cap rate, AND looking in A class areas, AND looking for places that require no work isn't really feasible. You just need to define a strategy and what you want and then go for it. 

Also, do you own a home in California or have you ever bought a house? If you have one there you can potentially tap into a HELOC to buy cash which definitely improves the ability to buy low.