Hello from SF east bay newbie

[Greta Tseng]

Hihi,

I am a RE newbie from the San Francisco bay area. Recently found BP online and have fallen in love with the podcast~! (Great job, Brendon and Josh!)

We got our first primary home in 2012 (good timing) but latter realized it’s not a good investment buy. (One of the best school district in the east bay but with comparatively low rental return and negative cash flow...ouch..)

I’ve heard a lot of successful stories that meet 2% rule and have positive cash flow with less than 20% down payment. However, I don’t quite see those deals in my neighborhood near Fremont/Union City. Condo/townhouses that produce $2000 rent/month will easily cost $400-500K and a single family house of $3000 monthly rent will be around $700K. I am interested in knowing what the investors’ perspective on a market like this? Given the strong momentum of housing demand in the bay area, is it still an attractive market to invest? How would you advice a newbie to start her RE investing (who can only afford $400K~ property) in the hot market like this?

Look forward to all your perspectives!

Cheers,

Greta