Hello from San Francisco

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Hello, there.

I live in one of the most expensive cities in the US: San Francisco. Yeah, yeah... :violin:

So anyway, I'm hoping to use some out-of-area real estate as leverage to eventually own my own home. I'm sick of renting. I'm not looking to be a real estate mogul, I just want to be able to buy myself a house one day.

So far I own one investment property. It's a single family house in Merced, the new site of the latest University of California campus. In less than two years it has gone up about $150K!

So, now that I see that this works, I'm thinking about getting some more places. The only problem with the Merced place is that it is severely lopsided in rent ($1500 mortgage vs. $1000 rent). I've been looking around in some of the US' smaller cities and I think some cheap multi-family unites would be the way to go.

Anyway, I'm probably going to just lurk and browse for a while. I'm certinly not in any position to buy again right now.