New homeowner in San Francisco; looking to put my equity to work.

[Kurt Rieschel]

Hello,

I'm Kurt Rieschel and as the title of this post states, I am a new homeowner looking to purchase an additional property. I'm a 31 year old male from San Francisco and am looking to learn all I can about this industry so that I can put the equity in my home to good use. I have approximately $200k that I feel comfortable working with, and I'm hopeful that other more experienced members of this community can help guide me in the proper direction.

I currently work as a broker of commercial processing equipment (Pharmaceutical, Food, Mining, Chemical, etc.) and am confident that the skills I've developed in this profession will help me moving forward.

I like the idea of buying and holding property, though I'm trying to be as open minded as possible as I'm aware that there are many different avenues toward wealth creation in this industry.

Thank you - any suggestions, advice, warnings, or words of encouragement would be appreciated!

Kurt Rieschel

[Jason Hsiao]

Hi @Kurt Rieschel! Welcome to the real estate journey. If you prefer to invest in the bay, go with a small multi or newer condo that's not subject to rent control. There is a lot of supply coming on line for condos though, I'd be a little careful for the short pricing but focus on the long term prospect.

People always say you can't cash flow in the bay... they're just not working hard enough (yeah, that's right, I said it. Send your hate mail my way). $200k with leverage you can def find small MFH's in the east bay that'll work.

I also tell people to consider REIT's as well. A little bit more liquidity than holding actual properties but still good returns. If you have any questions feel free to ping me and let me know how I can help.