All Forum Posts by: Matthew Brinkman

I’m sure specific areas are all kept secret or maybe closely guarded, but do you have any maybe larger neighborhoods or even cities in the east bay I should evaluate?

Additionally is zillow, and trulia my better options as far as finding these properties? Thank you for the input!

Originally posted by @Arlen Chou:

@Matthew Brinkman what you are trying to do is a pretty standard path for many people in the Bay Area. For your salary rate and low expenses, you should be able to find a deal in the East Bay. Look for something in an up and coming area that needs some sweat equity put into it and watch your wealth grow from there.

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Originally posted by @Mark Pedroza:

Follow this link to r.e. meetup's around the Bay Area @Matthew Brinkman

https://www.meetup.com/topics/...

There are local Bay Are investors who house-hack, invest out of state, wholesalers's, etc...

Good luck...

Thanks again! appreciate the response. I'll definitely check out these groups.

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Originally posted by @Raju Balakrishnan:

You can get a two unit multifamily, below 1M, use a low down payment mortgage (5% or so), and rent out one. It will not cover your mortgage, but will pay of part of it. I believe you are making enough for that. Bay area investments generally do not cash flow, but is an appreciation game in general.

Thanks for the input, would I be able to use the FHA loan program for this? my brief understanding is I can show the rental income as income to pay for a portion of the mortgage, additionally, the unit would have to be in the cost limits for the FHA mortgage correct?

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Hey everyone, first post here, and I'm excited for any feedback I may get!

I'm currently in the California Bay area, looking on what route I should take. I've debated on looking into multifamily units, staying in one renting another out, buying a 'cheaper' condo ~500k, or investing out of states. I'm curious if anyone has been in this situation where I'm at and any advice, on what to do, or where to look!

As far as what I can afford I'm curious about you opinions on this as well, I currently make around 130k, and within a few months I'll be closer to 160k. No significant debt, aside from a car payment.

If this is the incorrect area to post please lead me to the right one, I'm excited to learn!

Thanks again for all your help.

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All Forum Posts by: Matthew Brinkman

Matthew Brinkman has started 1 posts and replied 4 times.

Post: SF Bay Area real estate advice

Post: SF Bay Area real estate advice

Post: SF Bay Area real estate advice

Post: SF Bay Area real estate advice