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Updated over 1 year ago, 05/09/2023
Is Sonoma County a Smart Investment?
-Newbie Here-
I am just starting in real estate, and trying to gauge my market. I live in Sonoma County and to be quite honest, it frustrates me how crazy expensive and competitive it is here. Being wine country and the recent fires displacing so many people, I am conflicted with wanting to help my community by investing locally but at the same time, as my first investment I don't exactly know what the smart move is here.
I plan to use some capital of my own but will need help/lenders' for the rest (I'm not sure which approach to use on this one quite yet but I'm researching as much as I can to figure it out).
I am interested in primarily multi family, buy and hold, fix & flips, BRRRR, but open to others to gain experience.
My question is: Should I invest in Sonoma County or should I invest elsewhere?
Any advice, tips, and honesty is welcome!
Thanks,
Niki