Newbie from San Francisco Bay Area
Hi all, newbie from San Francisco and I joined BP couple months ago. I have a full time job but have been fascinated by real estate investment on the side since a while ago.
I've always had the feeling that real estate is the right thing to do because it feels good to not have to pay rent (primary residence) and/or have someone else pay your mortgage (rental property). In the past five years, though never really thought of real estate in the form of a true "investment" I've acquired two SFH's in San Francisco and South San Francisco (living in one, rented out the other), the appreciation on those have been pretty great to say the least.
I've gone through many podcasts and posts from this awesome BP community, while only scratching the surface I have a much clearer picture of how to concretely think about RE investing as a vehicle to generate wealth. I'm looking to invest more in the Bay Area mainly for the appreciation potential (especially with the shortage of housing and the appeal of Silicon Valley both for jobs and location). The only drawback is the insane high price points given current market condition, would love to hear how people in the area have been able to navigate through that.
Thanks, and looking forward to connect!
Most Popular Reply
Hey @Hai G.
Welcome to BP and congrats on your two purchases! Sounds like you've done pretty well so far!
My advice would be to seek out areas of the still developing bay area. I'm shamelessly a fan of downtown San Jose (and surrounding areas) and think that there's decent money still to be made there long term. It certainly depends on what type of investment you're looking for (multi vs single family) but I would keep my eyes open for any duplex/triplex in these areas.
Feel free to reach out with any questions. Either way, best of luck on your future investments!