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Updated over 8 years ago on . Most recent reply

User Stats

19
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22
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Wenqian Guo
  • Investor
  • San Bruno, CA
22
Votes |
19
Posts

Investing in SF bayarea, California

Wenqian Guo
  • Investor
  • San Bruno, CA
Posted

Hi everyone,

I have just joined the form today hoping to learn more about real estate investment. My target location isn't the most ideal for starting out I think, I live in one of the most expensive cities in the US. I only have roughly 30k saved up in my bank account, the homes here cost more than a million..I'm debating if I should invest in cheaper areas. I'm pretty limited to choices, I have apply for FHA in bay area and have tenants to help pay mortgage. (It feels very risky, if I loose my job I might loose the house). The only other option I know of is buy property at cheaper places, but if I'm here how can I help my tenants? Do you guys have other recommendations? I'm very new to this area, any advice will be greatly appreciated. Thank you so much.

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