Bay Area new member

[Sunny D.]

Hi

I joined BP recently and wanted to introduce myself.

Moved to bay area in 2014 from NYC and bought a  home for primary residence . Based on recent sales prices , it appears that our property has appreciated about 250K and it doesn't feel as stressful now about putting all of my savings into this purchase.

The other property that I have is a single family rental in the Sacramento area that we bought in early 2012 when the market was still down and looks like it has appreciated about 150K appreciation.

Monthly rent: ~$2000 (cashflow positive after mortgages, taxes and other maintenance expenses by $100 /month)

I have another 150K in various real estate crowd funding deals that are giving me 10-15 % returns.

I am looking to understand more about real estate investing and  opportunities for buy and hold rental properties with moderate risk.  

Cheers

Sunny

[Chris Mason]

Originally posted by @Sunny D.:

Originally posted by @Chris Mason:

Grats on your success in the Bay Area of late @Sunny D..

 How much cash do you think I should have if I want to look at a multi unit?

>>

I just popped open Redfin, searched Vallejo, looked at multi unit listings and multi units that closed within the last 6 months (recognize two that I worked on :)... I'm gonna say $65k out of pocket is about the minimum that will get you in the door and in the multi-unit game if you're cool with that town (that town was an arbitrary pick based on what is in my recent memory).

Might be a little bit of a drive to landlord from Pleasanton, but you're already doing it in Sac so you could stop by whenever landlording brings you to Sac.