All Forum Posts by: Arya Feroz

@Graciano Perez Jr Hey Graciano - welcome! I just sent a connection request. I have a solid buyers list for investment properties and would love to connect.

Thanks everyone for the thoughtful suggestions and discussion!

I would ideally love to leverage the Bay Area's high appreciation market, however, negative cashflow is not something I can work with right now. There are other ways to be creative in this environment but since I have a full time job that is not in the field of RE, I don't have enough hours to dedicate to finding off market or creative financing. This is not an excuse however because there have been guests of the show who were in the same, if not busier, positions and have made it happen! 

I think the most important step for me personally is just to get the ball rolling. I'm looking to build momentum and I believe I will make my way to the strategy that works best for my lifestyle and goals with a little practice. I am still actively offering in the Fresno market but with great advice from this thread, will also take a look the Sacramento and Stockton area. Thanks all!

@Jon Schwartz

Jon,

That’s a great point and something I considered heavily before switching to the Fresno market. Definitely worth a revisit. 

I’d also love the spreadsheet! Thanks much

Originally posted by@Daniel Ordonez:

@Arya Feroz

I would look into the BRRRR strategy and start closer to Sacramento. I currently invested in my first property in Stockton it's a triplex and is cash flowing right away. Look into multi family if you are looking to scale.

Thanks Daniel. I would definitely want to leverage the BRRRR method since it allows for quicker scalability, but limited capital is an issue. I'm working on building connections to use HMLs but do you have any tips here? I have analyzed some deals in the Sacramento area but will revisit, and check out Stockton, thanks!

PS - Congrats on your first property!

Hi BP community,

I am an aspiring investor who has tried to jump into the REI game a few times this past year but still no property, and truthfully, confused as to what the best strategy would be for me. I know this differs greatly for everyone, depending on current situation and desired outcomes, but I'd love to hear some examples of what has worked for other California investors!

Background: I'm in the SF Bay Area where prices come at a high ticket. I work a day job at a FinTech company and I'm looking to build a rental property portfolio over the next few years that replaces my salary, and allows for eventual financial independence. My sister and I tried offering on a number of properties in the Oakland/East Bay area but were outbid, and even with renting by the rooms, just wouldn't make a healthy enough ROI with our limited capital. We switched our strategy to the Fresno market where the lower entry points were very attractive but I'm noticing most of the homes are built in the early 1920's and rents aren't so strong to where I question if it is worth it to start in Fresno as opposed to an out of state market that might offer stronger ROI.

Any tips, insights, stories, or suggestions are welcome!! :)