Condo or townhouse in East bay

[Fernando E.]

Hi Bigger pockets crew I'm from the Bay Area and considering to buy a condo or town house in the east bay with my fiancée. I’m looking into using this as our primary residence as a newly weds (will get married in May) and will be our starter home. I already have a SFH I bought with my sister also in the Bay Area but this one is just for me and the future wife. We will keep the SFH with my sister and family. My budget is a little tight at $350K and knowing that my target area Fremont, Newark, Union City are prime areas i may end up getting a condo or townhouse that need some tlc. I also wanted to have some equity build in to grow wealth, and I can have a good friends contractor to help fix the place. I just don’t buy into the idea of paying $500K for a top class condo or townhome. Wanted to get insight from you folks if this is feasible and if you have any leads off market that will help me land my starter home. Thanks in advance!

[Marcy Moyer]

Fernando

There are no condos in Fremont, Union City, or Newark for sale, or that have sold this year in the 350K price range. There are currently 3 for sale in the east Bay under $350K. One is in Oakland, one in San Leandro, and one I forget. 3 have sold this year under 350K. One in San Leandro, one in Hayward, and one in Oakland. Have you ever thought about buying in a mobile home park? For $350,000 you could get a 3 bedroom in one of the cities where you are targeting and rent out 2 rooms so you may even be able to live for free. They are becoming more and more attractive for younger buyers who have limited budgets for this area.