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Updated over 9 years ago on . Most recent reply

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Dhiren Mistry
  • Investor
  • Mountain View, CA
0
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2
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New member introduction

Dhiren Mistry
  • Investor
  • Mountain View, CA
Posted

Hello,

I am a new member looking to network and learn about real estate investing. Thank you in advance. See you around! 

Most Popular Reply

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51
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48
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Alex Vidal
  • Real Estate Broker
  • San Francisco, CA
48
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51
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Alex Vidal
  • Real Estate Broker
  • San Francisco, CA
Replied

"Regarding your last post, the SF bay area is about the last place you'd want to buy and hold especially if you're just starting out."

@Account Closed showed you, you can buy a $1M house with only $50K in equity. Additionally if you dont have $50K, then there are plenty of opportunities for duplexes to fourplexes in the $200-$400K range in less desirable areas. You'll need to be willing to make the sacrifice to live in one of the units and do some of the work yourself to create sweat equity. Anyone who tells you that real estate is easy is naive and you need to have the fortitude to set some goals for yourself and make your dreams come true. Real estate is all about finding market inefficiencies and turnkey operators have already taken all the profits out and eliminated your potential upside. You need to get creative, improve your W-2 income, house hack, or find some way to make yourself valuable to others whereby they're willing to invest their money with you. 

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