All Forum Posts by: Travis Limbocker

Hi @Marc Dela Cruz,

Welcome a board! I'm in a similar situation, as I just began my foray into REI after spending a 3 month honeymoon reading, writing, and soaking up every introductory nugget of knowledge on the subject. I've been creating small goals each week (i.e. analyzing properties, driving through neighborhoods, and writing mock offers.

Good luck in your efforts and let me know if I can be of any help as you continue on your journey. 

@Ali Boone great to connect with you. Yes, CA is daunting as a first-time investor and difficult to get started in. I share you sentiments around CA properties not being great candidates for substantial cash flow. I figure if I assess 100 properties, I may find 1 or 2 where the numbers work out - I have yet to find those diamonds in the rough though. Good news is analyzing properties is great practice and there's and endless sea of them. I'd be very interested to hear some of your appreciation successes (and failures) in the CA area and/or the out-of-state. If you're happy to do so, I can message you directly?

@Kit Peery

I'm a San Jose native and in the tech field as well. I started with BP today, so very new myself. Look forward to seeing you around.

@Jay Hinrichs really appreciate the insight, especially on my first day on BP! Your experience in the area and the success with your wealth through appreciation gets me even more excited to engaging with this community. I have historically been a conservative guy (from a money perspective), which no doubt lends itself to my buy-and-hold strategy and building wealth via rental income. That being said, I joined BP in large part to learn how to manage greater amounts of risk to achieve greater wealth. Profits from home appreciation is ABSOLUTELY a goal of mine, and the cash flow through rental / passive income is my starting point. It's the learning process of getting to that $500k tax-free check that I'm excited about. Thank you for the input; no doubt it'll help me evolve my GOAL overtime. Look forward to engaging further with you.

@Andrew Wong thanks for the heads up. See you there. @Jason Clark thanks for the welcome! Tech is great, but that earned income tax is like a bi-weekly punch directly in the nose! I'm also interested in areas outside of the Bay Area (for obvious reasons), so I will absolutely pick your brain when the time is right.

@Johnson H. thanks for putting this together. Timing is perfect (just got onboard with BP)! Looking forward to my first meetup. See everyone there.

Thanks @Robert Musallam for lighting the way!

Hey BP Community,

Read the books, heard the stories, and saw the results from the members on BP. Now my life is "ruined" :) 

As of writing this post, my Real Estate investing experience is a big fat 0. Like the thousands of folks in the BP community, I've had my life "ruined" by guys like Robert Kiyosaki, Brandon Turner, Joshua Durkin, and the hundreds of other investors who've shared their experience and success around escaping the Rat Race. The asset column for me looks like my checking account did at 12 years old :)

I'm a 31 year old San Jose native. I've been working as a tech sales rep since 2007 in the San Francisco area (huge surprise). The money is great, but the feeling I get when I see my commissions dwindle due to taxes after all my hard work selling complex products, I get sick to my stomach. With each paycheck, my gut wrenches a little more. Not any more!

Which leads me/you to my "WHY" for joining BP: simply put, I want my upcoming children to have Dad and Mom around. I want to be free, like many of you in this community, to live with larger amounts of joy and happiness that financial freedom provides. I'm also recently married to the love of my life, which is another, much more more glamorous expense in life :) Beyond the bay area cost of living, we're planning on having a sizable family in the coming few years, which will add to our "glamor expense". I'm going out on a limb here and guess children come with thousands of incredible moments and milestones that are, at least in the minds of my wife and I, non-negotiable to be a part of. Having a job in tech sales is not conducive to being in attendance at these events. 

So here's the GOAL: To be financially free and out of the Rat Race by 41 years of age. 10 years to freedom. My tactic: buy-and-hold investing in single and multi-family homes; with appreciation as the cherry on top :) I see this goal evolving into learning + profiting from other real estate avenues as well ( i.e. flipping, etc..)

The challenge: I live in California (Bay Area)....enough said, y'all know the barriers to entry here. So how to address this challenge? I love the house hack strategy to start, which could be coupled with long distance investing. The strategies could be endless. Any BP members who read this intro and have some ideas, as a newbie I'd eat EVERY bit of information up.

Look forward to learning and the journey toward financial freedom with all of you in this community. Lets get started...