Buying/Selling in the Bay Area, CA

[Leanna Mansour]

Hi All!

My name is Leanna, I am new to Bigger Pockets. I own a condo in San Jose and the HOA is currently $460 a month and may only get higher as they will eventually need to replace the roof and who knows what else.. we bought it about 2 years, 2 months ago and we are discussing a deal with someone to sell. I keep contemplating whether of not its smarter to keep or sell with such a high HOA that will only increase. We are discussing a deal that is roughly 194 over what we paid for it, so well probably walk away with close to 270 when all is said and done. We are interested in buying multi family but this is all very new to me and I am trying to learn as much as I can as I would love to make my pockets bigger :) with real estate! The Bay Area market is tough and we are not sure if we should keep this, keep saving, and buy more property in a year or two OR sell it now, and buy a multi family home that we can live in and rent out at the same time. Is there a better way to analyze this than what I am doing now?

Thank you!