All Forum Posts by: Adriana V Alvarado

Hi everyone, I am just starting out in real estate investing. I would like to know what makes a good deal in the Bay Area, California (like in SF where I will be working) and how much money do I need to save to make the deal worthwhile? Should I start with a condo (about $400K for a studio/one bedroom) since that would be less than a single family home (800K+)? Even with house hacking with a lower down payment (which I am not sure would work if I get a studio size condo), I would still need to pay more out of pocket than what I would pay renting (I can get rent by splitting a studio with a friend for about $1200/month). Has anyone bought an investment property in the California Bay Area recently that could help strategize any ideas on how to move forward? Thank you!

Thank you!

Hi everyone! I am trying to house hack (3.5% down, owner-occupied, rent other rooms) in the Bay Area (driving distance about an hour from Redwood City and SF). I have already been pre-qualified for a loan. I am debating between house hacking in the Bay Area for my first property or buying my first property out of state with the help of a property management company. I am looking to at least break even in California. I have a long term goal of building equity/appreciation. Does anyone have any advice as I am just starting out on my real estate investment journey. Thank you!