Updated over 5 years ago on . Most recent reply
SF Bay Area real estate advice
Hey everyone, first post here, and I'm excited for any feedback I may get!
I'm currently in the California Bay area, looking on what route I should take. I've debated on looking into multifamily units, staying in one renting another out, buying a 'cheaper' condo ~500k, or investing out of states. I'm curious if anyone has been in this situation where I'm at and any advice, on what to do, or where to look!
As far as what I can afford I'm curious about you opinions on this as well, I currently make around 130k, and within a few months I'll be closer to 160k. No significant debt, aside from a car payment.
If this is the incorrect area to post please lead me to the right one, I'm excited to learn!
Thanks again for all your help.
Most Popular Reply
You can get a two unit multifamily, below 1M, use a low down payment mortgage (5% or so), and rent out one. It will not cover your mortgage, but will pay of part of it. I believe you are making enough for that. Bay area investments generally do not cash flow, but is an appreciation game in general.