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Updated almost 4 years ago on . Most recent reply
First Investent Property
I’m from San Diego and want to invest in my first real estate property. Where would you start with $40k? It would be ideal to house hack in San Diego but I don’t think $40k is enough to begin.
My long term goal is to invest in rental properties full time but scared to make the first step. My short term goal by three years is to have my own property (using profits from my first investment to down).
Most Popular Reply

- Real Estate Agent
- San Diego, CA
- 1,218
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@Ashley Nguyen that is more than enough to start investing in San Diego. You can buy a $1M duplex in San Diego putting down about $35,000. I highly recommend buying a duplex, but not necessarily at $1M for you since you need to have some left over for closing and reserves. You should definitely try to get lost or all your closing costs covered so you can keep more of your money for reserves.
Best way to start in San Diego with that amount of money is an owner occupied duplex or house with an ADU using fha to house hack. You can use rental income to qualify for higher loan on duplex but can't do so with an adu. But either way,Live in one, rent other. Next option down the list is an SFR or condo and rent out the other rooms.
- Twana Rasoul
