All Forum Posts by: Jag Sekhon

Great point Dawn! I have come across that as well in terms of "every market has something good to offer". Our Bay Area market does appreciate really quickly, so it's definitely not all bad. For buy and hold, however, right now is a terrible time here. I missed the boat a few years ago as I was in college and did not have the money or intention to invest. Now, prices have really shot up and the cash flow numbers just don't add up. That's why I'm leaning towards out of state for now. Thanks for the input! Jag

Thanks for the insight Jay. I was thinking the same thing. The only California markets that make sense are so far away that I might as well just go out of state.

If you don't mind sharing, does out of state investing give you a lot of problems compared to your investements close by? Because I have no experience in re investing, I want to make sure that I don't jump into out of state investing and get crushed for being a newbie! Anything I should watch out for?

Thanks!

Jag

As someone looking to buy their first buy-and-hold investment property sometime within the next year or two, it's really disheartening analyzing properties in my area. I live in San Jose (right in the heart of the Silicon Valley in California), so my market (including the surrounding area) is full of very very very high priced real estate. Because of this, I have been considering investing outside of California. Do you think this is a good idea for a first time investor? It may be my only option to generate any kind of meaningful cash flow.

I understand that it depends on the specific deals, but any general advice would help. Any Bay Area investors who feel the same way? Anyone have experience investing oustide of their state? Any insight would help.

Thanks!

Jag

Welcome Ben! I'm in the same boat as you. Good luck!

Jag

Congrats Isaac! As a newbie myself, I can't give you too much feedback on the deal itself, but I can definitley say good job on pulling the trigger and jumping into the game!

Jag

Thank you Ned! I really do appreciate everyone's willingness to help!

Jag

Thanks Paul! Will do!

Jag

Hello BP world! I'm Jag, a recent college grad from the California Bay Area. I've been using BP for a few months now and decided to become more active in the community. I can't keep taking all of this great information without giving anything back!!!

A little bit about myself, I have a degree in Business Psychology. My interest is in positive psychology and emotional intelligence and the role these play in business settings. Stress management, empathy, optimism, courage, tolerance for ambiguity, humility, mindfulness. I think it will be interesting to see what role these play in the entrepreneurial world of RE investing.

So about my real estate background...**crickets**... Yes, that's right. I have NONE! But not to fear, I'm in the process of obtaining my California Salesperson License and have been using BP to build up my knowledge.

In terms of goals, I am particularly interested in building passive cash flow. I don't want to make the newbie mistake of commiting to small multifamily homes without having tried anything yet, but I have always been intrigued by apartment complexes. One day..one day indeed... **looks off into sunset**

So feel free to ask if you want to know more. You'll probably see me around on more forum discussions posting silly "asterisk actions". Til then, have a wonderful day!

Jag