New to the South Bay and looking to Network and learn

[Aaron Dixon]

Hello, my fiance and I are moving to the South Bay as she recently was hired to work at Standford Hospital.

I bought my first property in May 2022 in Tampa, Florida, and it's currently used as an LTR. Ideally, I'd like to continue investing in that market and have a mix of LTR and MTR. That said, I believe it'd be best to find a property within South Bay that will also feed our goals.

We're aware that South Bay is notably pricier than most of the country. In a perfect world, a small multi-family or home with a walk-out basement to house hack sounds ideal. That said, we're not overly familiar with this market, where to look, or what sort of funds would be required to allow a rental to work.

Again, some sort of house hack and MTR strategy would be great but open to suggestions. We're aiming to live in a property between San Mateo and San Jose that could use some TLC and fixing it up with some sweat equity.

We'll be living within the area for the foreseeable future and I'd love to begin networking with other investors!

Thanks!

[Wale Lawal]

@Aaron Dixon

Congratulations on your fiancée's new position at Stanford Hospital!

Buying real estate in the South Bay can be tough because of the high prices. Look into areas like San Mateo, Redwood City, Mountain View, Sunnyvale, Santa Clara, and San Jose. Focus on buying smaller multi-family homes, houses with extra living units, and homes with cellars. Know the costs for fixing up the property and explore ways to pay, like bank loans, FHA loans, and local aid. House hacking strategies include living in one unit, renting out the others, renting out rooms, and mid-term rentals. Network with local real estate groups, online forums, and local real estate agents to learn from experienced investors.

Good luck!