21 year old Starting out Is Oakland to Expensive

[Dominic Hoang]

Hi my name is Dominic and I am 21 years old and is very interested in Oakland Area Alameda county area to start my investment portfolio. I am interested in multifamily property and aiming towards cash flow and not sure on how to approach starting out looking and learning about my area. Is Oakland Ca too expensive to start out in? Any information and knowledge would be appreciated.  

[Natalie Schanne]

Dominic Hoang - Consider house hacking via investing in your own house. Think student rentals. Specifically, buy FHA a house that needs work and is a bit too big. At least 2 bathrooms. Then rent the spare bedrooms on 12 month leases at $800-1000/mo each via craigslist, Facebook marketplace, Airbnb, etc.

You can look at my previous posts. I bought 5 br 3 ba foreclosure at 24 in the DC suburbs and rented out spare bedrooms. I lived for free plus about $1000/mo cash flow. Obviously check Hoa and local rules.