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Updated over 1 year ago,

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9
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1
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Choosing Investment Strategy - Seeking Advice

Benjamin P Cohen
Posted

Hi all,

I moved to the Bay Area about 2 years ago, been saving a while, bought and sold once before in Pittsburgh before moving here, and now looking to buy again. Looking to discuss and be advised by community / mentors. I'm considering multiple strategies including:

- Buying a primary residence in the Bay Area (difficult due to extremely high prices, possibly renting rooms after required interim period)

- Buying a rental investment property in CA where it is cheaper, and cash flow is more feasible (e.g. Fresno,)

- Buying an AirBnB investment property at a nice destination CA (e.g. Bishop - I'm an avid rock climber, know people who rent in Bishop for an entire month of the year to climb during peak season. Truckee, various lakes, etc. also seem plausible as it is cheaper to buy in these areas but they are nice destinations).

I'm interested in purchasing for investment purposes, even if it is a primary residence. That in mind, I'm curious which of these strategies seems best. Is there another strategy in the mix I should be considering?

Best,

Ben

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