Updated almost 6 years ago on . Most recent reply
New investor from northern California for
Hello, I would like to diversify my investments a bit and am looking into real estate. I live in the Bay area and purchased a home in 2010. We have been fortunate to get a bit of equity on our property and if we rented it out may get $600 or $700 in cash flow. I was thinking about renting it out and purchasing another property to live in.
Im 39 and my wife is 40. We have 2 young kids and have a decent income. I'm currently maxing out a 401k and adding 6k to my wife's Roth IRA. I'm considering lowering my contributions and saving that money toward another property. I'm not trying to hit any home runs, I just want to retire comfortably and it would be nice to own a few properties. I don't know how much more personal info it is safe to put on here. Any advice is appreciated. Thank you.