All Forum Posts by: Jessica Riley

Welcome to BP! 

Hi

@Hanin Smith, I also live in Encinitas. I love it here! Would love to meet up sometime just to chat. 

Jess

Welcome to bigger pockets. Great website with helpful people and lots of info. I live in San Diego too. I live right next to a whole neighborhood of duplexes in Encinitas where people seem to be doing house hacking. Let me know if I can help you with anything. 

I believe there are ways to tell when the market is going up and down and that someone out there in the world knows how to do this but that I don't know how to. 

Welcome to Bigger Pockets. I am also in San Diego and I work as a real estate agent. Good luck on your endeavors!

This is the most interesting thread I have read so far on this site. Thank you @Jordan Sutherland for the wisdom. 

good luck with your endeavors. Don't let anyone tell you, you can't. If there is a will there is a way. For financing just shop around and compare. See which deal  has the best math.

I'm in the same position as you. 23 years old. Just started working at a brokerage and looking for both regular clients and investor clients. I would put a picture on your profile, include a lot of info on your profile page and network heavily on bigger pockets. Maybe also drive for dollars and tell everyone you meet. But what do I know haha.

Welcome to BP @Peter Perreault,

Negative cash flow and betting on appreciation vs. positive cash flow not counting on appreciation is a controversial topic on BP. 

Your idea of living in the first multi-family property investment is called house hacking.

Here are a few articles I found just on the bigger pockets website.

https://www.biggerpockets.com/renewsblog/2013/11/0...

https://www.biggerpockets.com/renewsblog/2014/11/2...

Bp podcast 94 and BP podcast 86 also address house hacking but I haven't watched them yet. 

Which part of San Diego are you looking?

My personal opinion (could be wrong): the housing market has been doing very well the last several years and maybe is just starting to slow down. I anticipate we are going to start seeing better investments with better cash flow popping up more so in the near future than now. If I were you I would not invest in something with negative cash flow because we are investing to make money not to lose money. (I realize you may save a bit on rent now, but in the long run it may not make sense because appreciation may never happen). I would wait to find a really good deal and then race to the sky from there.

@Sean OToole

Wow that is so helpful I am about to do D4D too.  Thanks Sean.