FirstTime Home Buyer

[Karim Kane]

Hi BP Community,

My name is Karim, and I'm currently a college student in Boston. Real Estate investing has captured my interest, and I'm excited to start my journey in this field as soon as possible. I've already discussed this passion with my family, and we've come up with an exciting possible opportunity.

Here's the plan: My sister lives and works in California, specifically around Oakland or Martinez, but she's presently back home in Senegal (our country of origin) for the next few months. She'll be returning to California in October for a year, and during our discussions, we thought about the possibility of purchasing a property for her to live in initially. Once she moves out, the idea is to turn it into our first rental property. However, we are well aware of the sky-high property prices in California, and we currently have approximately $20,000 saved up for a down payment.

Considering the current market conditions, we would greatly appreciate any tips, advice, or insights that you kind folks may have regarding the feasibility of our plan. Your valuable input could make a world of difference for us and would be greatly appreciated.

Thank you!