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Updated over 7 years ago on . Most recent reply

User Stats

206
Posts
138
Votes
Angela Yan
  • Rental Property Investor
  • San Francisco, CA
138
Votes |
206
Posts

Lives in SF interested in out of state investment

Angela Yan
  • Rental Property Investor
  • San Francisco, CA
Posted
Hi! New to the pockets and found this so helpful in learning about all aspects of Real Estates. I bought in 2009 in SF and gotten some great equity since then. Ready to use it in something else but knows nothing about other areas of the country. Rehabs scares me as I would be managing from afar. Any recommendations would be helpful in terms of where to look for deals and what types of properties to look for. I have about $130,000 to play with so would you recommend several single families, multi families, pay all cash for this property or separate them in several down payment purchases?

Most Popular Reply

Account Closed
  • Realtor/Investor
  • San Diego, CA
73
Votes |
133
Posts
Account Closed
  • Realtor/Investor
  • San Diego, CA
Replied

That is a good down payment on a beautiful SF property. Why not rent out your current home and move into a new primary? Managing yourself. I would try and stay in SF if you can. Don't take it to the bank but I believe that over the course of that last 100 years the top 3 rental markets are SF,LA,SD in all aspects of gains overall. Everyone loves coastal cities!

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