New member from San Francisco!

[Wilhelm Nothnagel]

Hi everyone I have been reading a lot in this forum and it seems like a great bunch of people with a lot of knowledge. I am an architect and I am looking at buying a duplex or triplex to move into in the near future. I am just not sure about this SF market! I have a substantial amount to put down but I am not sure what steps to take yet. Well it's time to start learning!

[Wilhelm Nothnagel]

Thanks for the welcome! 

In this city I am definitely looking for a more affordable housing situation. 50% of my monthly income goes to rent! We recently sold a property we owned overseas and I feel like it would be smarter to use the proceeds to purchase a multi-family unit to live in and rent, than to purchase a condo or apartment so late in the appreciation cycle. My goal would be to bring my housing costs down to 30% or less. The holy grail would be to cash flow positive. 

The other idea is to purchase out of state and rent in the city, but I foresee a lot of challenges in doing that.

Your advice really means a lot!