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Updated over 6 years ago,
First Timer in Oakland
Hello BP,
Was looking for a bit on advice on my intro into real estate.
I am a 35, married with a baby living in Oakland, CA. I have no debt and enough money to make an initial investment in a property. I have a good paying job that I enjoy, so looking to invest while doing my full time job. Possibly working towards a more full time thing. I am currently renting.
I am interested in multi-family to buy and to live in Oakland.
I have 8 years experience as a carpenter in a previous life. I’m not going to be remodeling everything myself but thought its good to align my life experiences with my foray into entrepreneurship.
Couple of questions,
I am not loaded. I have enough money to scrape together a downpayment on a single property. Is investing in a single expensive market like Oakland make sense or would I over-expose myself? Should I look to invest elsewhere and continue to rent here?