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Updated over 5 years ago on . Most recent reply

Nico Murillo's profile image
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Nico Murillo
  • Member since Oct 17, 2019
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Nico Murillo's profile image
Nico Murillo's profile image
Nico Murillo
  • Member since Oct 17, 2019
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Nico Murillo
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6
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Local Real Estate Networking

Anyone in California Bay Area starting out for the first time?

Nico Murillo
Posted

Got about $10k, and in a few months gonna have $15k. But is that enough to start out in the bay area? Housing is high over in this market, but anything is possible. Looking to house hack! Any advice?

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Account Closed's profile image
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Account Closed
  • Rental Property Investor
  • from Oakland, CA
  • Member since Jul 21, 2014
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Account Closed's profile image
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Account Closed
  • Rental Property Investor
  • from Oakland, CA
  • Member since Jul 21, 2014
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Account Closed
  • Rental Property Investor
  • Oakland, CA
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Account Closed
  • Rental Property Investor
  • Oakland, CA
Replied

@Nico Murillo I started with a $12,000 down payment on an FHA 4plex in Oakland, back in 2014. That has now snowballed into $11M of Bay Area real estate.

House hacking is by far your best chance at getting starting here. Just start with one. Equity pay down, rent growth, and appreciation will help you continue to buy more. 

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