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Updated almost 7 years ago, 01/16/2018
As Newbie as a Newbie can get!
Hi everyone! Although I currently reside in Alameda, CA, I am from the Orlando, FL. Having gone to school at the University of South Florida (Tampa, FL), with ALL of my family either in St. Augustine or New Port Richey, FL, I am mostly interested in investing in those areas because that's where most of my team is. I am particularly interested in small multi-family rental properties in the Riverside area of Jacksonville, FL. I spent some time in Riverside and I think it would be a great place to start.
Additionally, due to my current location in CA, local investing would be beyond my price range and I have no support team here. However, I have heard Stockton, CA has shown some promise and I would like to explore that area as well, given I have a good team to work with.
Onward and Upward!
Welcome Travelle! Read, listen, learn.... but most of all, don't be afraid to act. It's all theoretical until you get your hands dirty on a deal! That's when you truly learn! Best of luck!
Hi @Travelle Mason - another Alameda-based investor here. Great to connect with other awesome people on "the island!"
@Travelle Mason, Hello neighbor, I am here in the Bay and I invest in Jax. P.M me if you would like to connect. I travel between the Bay and Jax almost monthly to get the deals done.
Welcome to California Travelle! Here is a great article about investing in Stockton Ca. I've read the article not too long ago by @Wes Blackwell It has valuable information and I found it very helpful. Hope you do do so as well!
https://www.biggerpockets.com/forums/627/topics/42...
Gerald Donaire
Hey Travelle! Well, the good news is, just about everyone had to start 'as new as new can get' at some point. So welcome to the party :)
As far as your plans, just be sure as you start to go along and pursue things that you are as up on running rental property numbers as you possibly can be. If a property doesn't cash flow, your only hope is appreciation, and that can be a dangerous game.
This might help-
https://www.biggerpockets.com/renewsblog/2013/01/1...
You'll have fun! Good luck!
Dope - Newbie from Cali - If youre ever in the area holla we should start a group in cali. Thanks.
Originally posted by @Travelle Mason:
Hi everyone! Although I currently reside in Alameda, CA, I am from the Orlando, FL. Having gone to school at the University of South Florida (Tampa, FL), with ALL of my family either in St. Augustine or New Port Richey, FL, I am mostly interested in investing in those areas because that's where most of my team is. I am particularly interested in small multi-family rental properties in the Riverside area of Jacksonville, FL. I spent some time in Riverside and I think it would be a great place to start.
Additionally, due to my current location in CA, local investing would be beyond my price range and I have no support team here. However, I have heard Stockton, CA has shown some promise and I would like to explore that area as well, given I have a good team to work with.
Onward and Upward!
Hello and welcome! Best of luck to you!
Wow, thank you ALL for the warm welcome! I look forward to working with and/or speaking with you all.
@Chizoh
@Chizoh Uzegbu, I am absolutely open to starting a group.
@Ali Boone, I have dived head first into analyzing properties and running the numbers, just to get the practice. I am constantly listening to BP podcasts. I haven't read that particular article, but I'm on it now! Thank you for the encouragement.
@Gerald Donaire, I have read that article by @Wes Blackwell and its a great one, I have even shared it with a colleague. Thank you!
@Robert Rayford, I will be sending a PM, BOLO.
@Spencer Hilligoss, I love this island!
@Ben Meisel, Thank you! I'm on the look out for the right opportunity.
Hey @Travelle Mason,
Love your story and I'd be happy to connect and help you out in any way. Riverside is an awesome area and if you're doing small multifamily it's a good area to pick up some properties that aren't in the rough areas of town. Avondale is beautiful too although it will be harder to find multifamily there.
As those two areas have become more saturated and prices have gone up we're also seeing more and more people moving south into the Murray Hill neighborhood and Lake Shore. Those areas may be good to keep on your radar as well.
Feel free to reach out if I can be of help.
Good luck!
You bet! And you're doing exactly right...just explore education like crazy and learn what is out there, learn how to do things, learn the risk factors, etc. and then you'll be able to go at it strong. Good luck!