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Updated almost 5 years ago on . Most recent reply

User Stats

7
Posts
3
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John Lazzarini
  • New to Real Estate
  • San Franicsco
3
Votes |
7
Posts

[ Bay Area ] Feasible to start RE portfolio with a multi family?

John Lazzarini
  • New to Real Estate
  • San Franicsco
Posted

I need a reality check from those in the business.  Is it feasible to begin with a multi family near the bay area?

I live in San Francisco, but work in Palo Alto.  I believe I'm priced out of purchasing in my high COL area for some time, but I've seen listings such as this one ($0.5M four plex in Sacramento) which seem feasible to manage from a driving distance of a couple of hours during the weekends.  A $100k downpayment would make me housebroke, but I might consider the risk for the right opportunity... I submitted a mortgage loan application via Chase yesterday, and their response may influence the range that I can explore either up or down.

Do you feel that this is a sensible beginning strategy?  Does any of the above raise any red-flags?

Any thoughts on the above would be greatly appreciated!  This is my first post on BiggerPockets ever.

Most Popular Reply

Account Closed
36
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17
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Account Closed
Replied

@John Lazzarini Jason works for a turnkey company, yet fails to disclose that every single time.

Any post he makes that recommends turnkey is a conflict if interest as he is compensated for selling them.

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