Do we buy in SF or stick with rent control and get investments

[Hannah Walker]

Hi there My husband and I have been trying to buy in SF and its pretty intense out there! Beginning to wonder if we are smart to stick with our rent controlled apartment (3 bed $3750) and use our cash to buy rental properties in other areas For SF: Our budget is limited to $1.25m with 20% down. The dream is to get a place where we can offset the mortgage with an in-law revenue stream. Yep, I know that’s a big ask!!! My fear is if we don’t buy now in SF soon and instead use money to invest elsewhere we will get priced out of owning in SF (we have 2 kids and we know we want to be in SF long term) I am a stay at home mom but my hope is to get a job in real estate so I can learn. If we do buy in SF dream is still invest...just wondering if SF ownership will make that really difficult to achieve. To buy or not to buy

[Tommy Hoang]

Hey Hannah, I've thought about the same question living in a rent controlled $2000 1BR in Glen Park. At the current prices for homes it just doesn't make sense to own for me. I've been looking to invest in other states and have also looking into syndicating if buying a multifamily in SF.