New Investor from the Bay Area

[Jay Y.]

Hi all,

I've been lurking around these forums for awhile and thought now was a good time to finally register and start contributing!

My name is Jay, I'm 28, and a real estate investor in the Bay Area. I currently own 2 rental properties. Luckily, I was able to win both last year before prices really started to get out of hand. As many who invest in the Bay Area are well aware, prices are getting crazy around here.

My basic strategy so far has been to buy and hold. Long-term, my main focus is to create cash-flow. Eventually, I would like to replace my work income entirely so that I can retire early (everyone's goal, right?). For my next purchase, I'm starting to think about potentially investing in multi-family units, or SFH out-of-state (since good deals are getting more difficult to locate locally). If Bay Area prices keep on rising, I may be tempted to capture the appreciation and do a 1031 exchange.

I'm looking forward to networking with other investors, both in the Bay Area, and out-of-state. I know I have a ton to learn, and I'm very grateful to have found such a wonderful site and community. Looking forward to chatting with you all!