What would you do if you were in my shoes?

[Noor Gill]

Hi BP Community,

I keep getting all sorts of advice, from so many people wanting me to choose my first investment property in a way they best see fit, but it's becoming a little much, and it's getting harder and harder to understand what a good strategy would be, for me to follow. Yes, I know that REI can be done in many ways; that being said, what do you feel you would do in the current climate, if you were in my shoes?

Where I'm at atm:

20 y/o

Capital Saved: 35k-40k

1+ yr professional work history at 52k/yr

Based in Bay Area

I guess my main concerns are the prevailing market with RE valuation outlook for the next 2-3 yrs, and buying near or far(in or out of state).... the more insight the better! I've got a lot to learn now that some capital is ready. The goal is to grow my portfolio as fast as possible, to live a semi-retired lifestyle asap.  Thank you very much! You guys are the best!

-Noor :)

[Jason D.]

@Noor Gill if I were in your shoes, I would look for either a multi family property where you live in one unit and rent the others, or buy a reasonable primary residence and rent out additional rooms. Unless you want to invest out of state, the money you have saved probably isnt enough to make a downpayment on anything other than owner occupied.