All Forum Posts by: Jay Y.

Dung Tran

Welcome to BP! What areas in Sac are you looking at for $100k properties? Is this for a SFH?

Welcome Jeff Schluer! I went to a few open houses in Elk Grove recently, and can tell that the Sac market is picking up steam!

Best of luck to you!

Jimmy Chim To get started, yes, I think I will try and get something turnkey. I've been reading some good things about Texas (Austin, Dallas, Houston), Indy, and OKC. I'm in no rush to get another property, so will use the next few months to do more research.

One property a year seems to be the current plan.

I'm happy with the current properties in the Bay, so don't mind venturing out next time around. It just seems like cash-flow goes a lot further once you leave CA...

Glad to have you on board Jimmy! I'm also an investor from the Bay Area. Are you looking for multifamily units in the Bay as well? I'm also thinking about a fourplex for my next purchase, but right now I'm leaning towards investing outside of CA.

Thanks everyone for the warm welcome!!

@Minh L. haha, yes sometimes it's better to be lucky than good! I had a hunch that last year was a good time to buy, but I never would have expected the upswing to rise so sharply, so quickly. One unit is a townhouse and the other is technically classified as a condo, but looks more like one side of a duplex. Yes, both properties are located in the South Bay.

@Wayne Woodson Yep, that may very well be the plan! That's a big reason why I'm starting to look into multi-units and apartments.

@Brandon Turner Thanks for the tip! Just curious, what are prices like for SFH in your part of Washington?

@Ali Boone Thanks for the offer! I'll send you a PM. I was actually living in Orange County about two years ago. I loved it there, as it's hard to beat the gorgeous L.A. weather, but you're right, the numbers aren't much better in SoCal. In fact, in certain parts of OC, it's even more pricey than the Bay... Seems like a lot of Californians are turning to out-of-state investing. That's likely my next move as well.

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!