SF Bay Area Opportunities & Hello Everyone! :-)
Hello! Just getting started on Bigger Pockets and thought I'd make an intro.
My wife and I are passive real estate investors, looking to replace some of our earned income. We currently have four cash flowing single-family properties out of state (Memphis and Birmingham), that we bought turnkey.
We're currently renting in SF ourselves, paying $2600/mo...not trivial! We have little desire to buy investment properties in California, but I'm wondering if it might make sense for us to look into buying our own home in California, if we can get a deal, have some work done on the property and hopefully get some built in equity, or build in some sweat equity ourselves. We might be open to a living in one unit of a multi-unit property too, if it's configured right.
We're primarily interested in buying in the East Bay (ideally Berkeley) for proximity to work. But this sellers market is rough!
Any tips, tricks, or connections that we could put to work for us, would be greatly appreciated. Thanks, and I'm looking forward to networking with everyone!