Hi BP! Newbie Investor in Torrance, CA, originally from Tokyo

[Yuji Miyamoto]

Hi BP! My name is Yuji and i currently reside in Torrance, CA. I came here last year from Tokyo, Japan. Like lots of other folks in BP, I started educating myself about personal finance and FIRE an year ago. I really like the idea of having financial control that is not dependent on other people, which led me to RE. I have been immersing myself in reading, listening to BP podcasts and now it is time for me to take a step forward! I am so excited to finally walk toward my goal!!

While I am doing market research and due diligence, I would like to connect with as much people as possible and absorb as much information as possible!

I am looking to buy a out-of-state rental property this year with maybe BRRRR strategy. Haven't determined a market yet but those markets I am looking into are Indianapolis, Cincinnati and Northern KY to name a few.

My Criteria is...

- Buy a rental that is based on cashflow and does not count on appreciation. 

- < 100k

- Falls on at least 1% rule

- Avoid war zones

- SFH or small multifamily

- If rehab is required, prefer only cosmetics since I am newbie. Avoid structure and/or electricity issue.

Well, I wrote a lot but here to connect with people!! Looking forward to hearing from you!!!