All Forum Posts by: Kristy Boone

Thank you all for the feedback. It sounds like I need to expand my area of focus and potentially look at a larger unit building. I was originally looking at OC because my family lives there and could keep tabs on the place (I live in San Francisco). I am planning on hiring a property management company and my hope is that they could handle requests locally since I'll be remote. I was looking at a fourplex because I wanted to lock in the low interest rates as well.

I'm in a very demanding job and it's tough for me to invest the time to do the research on my own. Do any of you work with a business manager who helps you with making decisions on stocks and real estate investments?

Thanks again for the help and great suggestions!

Thank you for the responses! I'm looking to purchase in the Orange County area. I have about $300K to put toward down payment. My budget is about $900K and the properties that I've been looking at have an annual rent income of about $52K per year but are not in great shape and are not in great areas. I've found that in order to get a place in a better location (Huntington, Costa Mesa, San Clemente), I'd have to pay more and get less rent, which would be a larger negative cash flow. I plan on keeping the property for 20 years and hope that the appreciation and eventually cash flow (after raising rents) will make this a better investment then putting money into the stock market (and allow for diversification).

I know that this is a long winded answer, but any suggestions based on this? Thanks!!

I'm looking at purchasing my first piece of real estate, a fourplex (which I will not live in). Would this be a good long term investment even though prices are high now and I'd have a negative cash flow for the first 3 years? Or, should I continue to invest in the stock market and wait for prices to go down?