All Forum Posts by: Cindy Ng

I’m a 50-year-old single woman renting my home and caring for my 2 elderly parents. I have $300K in cash and am exploring real estate investment opportunities. I’m not skilled in repairs and live in a high-cost, tenant-friendly area, what would be the best way to invest my money? Thanks in advance for your suggestions.

2 Votes

San Francisco, California

Quote from @Jimmy Jarjour:

Quote from @Haoyang Luo:

Hi @Jimmy Jarjour,

Fellow aspiring house hacking investor in SF Bay Area here! I just started my property search and hopefully make a purchase by the end of this year.

May I ask what is the down payment percentage you are planning to put in? I find it hard for the numbers to work if I only put 3.5% or 5% for down payment as the monthly payment will be through the roof. If you are doing a low down payment strategy, have you identified any specific region in the Bay Area where the numbers work?

Hi Haoyang,

It's pretty difficult to find, but just with the resources available to me I was able to spot a few fourplex listings that were somewhere around $1.25M. Quite a steal and they get snatched up pretty quickly but if you crunch the numbers, even with the high interest rate you get pretty close to cutting even on your rent (after you allocate X amount to unforeseen property costs)

@Jimmy Jarjour:

Hi Jimmy,

Are the properties in San Francisco or nearby cities? I’ve been looking for a house hacking opportunity in San Francisco but haven’t found one yet. I’m able to put down more than 5%.

0 Votes

San Francisco, California

All Forum Posts by: Cindy Ng

Cindy Ng has started 1 posts and replied 2 times.

Post: Newbie in real estate

Post: House Hacking in San Francisco