Which city in bay area is best for investment upto $600,000 with small cash flow positive ($100-$200). Hoping for asset appreciation and can hold for 10 years.
Looking in good school areas as I think appreciation and re-sale be better in those areas.
Felt Livermore, Brentwood be good. Hayward, Newark fall in not good schools area. Fremont/union city too expensive to have positive cash flow (willing to do 25-30% down). Any advise
There is a recent another thread in similar context. https://www.biggerpockets.com/forums/548-californi...
Investing 600K to get $100 cash flow doesn't sound to me like a good plan :)
I think you can invest it much more efficient if you just look out of state.
It will give you a much better price to rent ratio, plus in many states, laws are landlord friendly and not tenants friendly as in CA.
If you want to learn more about out of state investments please feel free to check this
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I feel like it is top of the market in Bay Area especially in SF. One must ask themselves if they have the time for your property to go down and pick back up again in about 10 years? So your age has a lot to do with this question. I have been struggling with this myself. I bought my 2 bedroom SF condo in SOMA for $439,500 now it is worth $760,000. Not bad for a 8 year hold. I have pulled cash after cash refinancing it every few years. I am also in my mid 40's so I need to ask myself what my investment goals are? Do I have it in me to wait another 10 years for this property to go back up again after the next market cycle swing up. These are important questions that everyone will have a different answers and ones answer may not be appropriate for others. But as a RE investor, I still think having SF property is a bit sexy to have in a portfolio and the RE tax will never be this cheap. In addition, I can collect enough rent to still cover every time I get money out. So I am holding for now. But this may change.