Buying Multifamily in San Francisco?
Some friends and long-time roommates of mine have decided that we want to buy property in SF, and eventually decided on multifamily as it looks like we'll get the most sqft/$ that way, as well as individual units.
Our plan is to buy a 3-unit and split it 3 ways. Of course this has risks involved which will require a good contract in case someone decides to pull out early, etc. But specifically I wanted to know the risks and what to be aware of when buying multi in SF.
I know that SF is a very different beast, and I want to make sure that we are making a smart investment, both as a place to live and as a place that we can sell or rent later on down the road.
I'm thinking that the end of this year will be an ideal timeframe as many landlords will be struggling due to mortgage forbearance ending and looking for a way to unload.
What advice can you give on buying multifamily in SF?