Newbie from San Francisco Bay Area

[Hai G.]

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!

[Hai G.]

Thanks for the welcome.  Yeah prices are quite insane at the moment, though looks like a lot of people are having success in this market still, so persistence and a little bit of luck will go a long way.