Half of savings to buy my first investment multifamily in Oakland

[Swetha Ramaiah]

Does it make sense to put half your savings into a triplex in Easy Bay (Oakland)? I put in an offer on a good cash flowing property(getting accepted today), but I'm getting nervous that I will be locked in forever on that triplex. I do intend to long term buy and hold. What are my options here in terms of refinancing.

I am taking a conventional loan by putting 25% down, with 4.25% interest rate.

I also intend to buy a primary residence costing less than 1.1M so I don't spend unnecessarily on rent.

[Hayden H.]

That area is up and coming and has improved a lot, I think as long as your cash flow can hold your property so you aren't bleeding you will be fine in the long run. You can get students to rent and they will leave periodically so you hopefully wont be stuck with long-term tenants