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Updated about 5 years ago,
Investing in LA South Bay or SF Bay Area with $200k
Hi everyone,
I'm hoping to get into real estate investing using the BRRRR method in California.
I have about $200k of my own money saved that I'd be willing to invest (if the deal is right). I live in San Francisco and I grew up in the Los Angeles South Bay, so I would like to invest in/around those areas if possible. I know those areas are very expensive and highly saturated markets which makes finding a deal very difficult. I'm reaching out here to see if anyone has advice for me as a first time investor.
I currently rent in San Francisco and I can't imagine living there for longer than two more years so I'm hesitant to purchase a place for myself at this time.
I'm open to all suggestions, but ideally hoping to invest in/around the areas I mentioned above.
Thanks in advance for taking the time to respond to my post.
-Tom H