New Member from San Diego

[Tyler Hashimoto]

Hi Everybody!

My name is Tyler, I work as an optical engineer in San Diego. I have only been working for 1 year but I want to educate myself in real estate investment to escape the rat race. I have been looking into buying a multi-family home and living in/renting it out as a first property, but I need to learn a lot more before acting on it! Also not sure if this is possible in San Diego... but that is the dream right now. 

P.S. If anyone surfs, we can catch a few waves together! Surfing counts as networking, right? :)

Looking forward to growing in this community, 

Tyler

[David Dye]

Hey @Tyler Hashimoto!

@Jessica Riley is right.  House hacking is the way to go at your stage in investing.  You can get in with a low down payment and good terms by living in the property.  Although house hacking is worth it on a deal by deal basis, do not write off all of SD as a bad deal.  I look at it this way: If you subtract the mortgage payment from the rents and the difference is less than you are paying for your own rent, it is worth it.  Keep in mind, each mortgage payment that you (and your tenant(s)) make is also paying down the balance of the note so you are getting wealthier in equity and not just off of the cash flow!

Hope this helps!

David