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Updated 3 months ago on . Most recent reply

User Stats

16
Posts
22
Votes
Jessica Yuan
  • New to Real Estate
  • San Francisco Bay Area
22
Votes |
16
Posts

San Francisco Bay Area advice for first rental property

Jessica Yuan
  • New to Real Estate
  • San Francisco Bay Area
Posted

Hello everyone,

I've graduated from master's program and worked in the bay area for a year. I've become interested in real estate investing after reading Rich Dad Poor Dad, and I'm currently reading other books like Brandon Turner's Real Estate Investing. 

I got a pre-approval letter for 700k for my first property as primary residence. I intend to buy and rent part of it, while living in it for the first year. However, the housing prices in the bay area are very high. Most of the houses within my budget are manufactured homes, but I've heard a lot of voices against buying them. 

Anyone have suggestions on how to proceed with my situation? Should I contact more realtors and find out about properties not listed on zillow/redfin? 

Thank you for reading. 

  • Jessica Yuan
  • Most Popular Reply

    User Stats

    81
    Posts
    21
    Votes
    Kevin Dehesa
    • Investor
    • BAY AREA
    21
    Votes |
    81
    Posts
    Kevin Dehesa
    • Investor
    • BAY AREA
    Replied
    Quote from @Jake Andronico:

    @Jessica Yuan

    Congrats!! That's a great way to do it. I've done it twice in Reno, NV and it's completely changed my life. 

    Here's what I learned, and what I regret: 

    https://www.biggerpockets.com/forums/922/topics/1133476-hous...

    Do you have to stay in the Bay Area? If you wanted to stay in CA, Sac is an awesome market where numbers make a lot more sense. 


     whats up brother can i shoot you a DM? 

    Loading replies...