All Forum Posts by: Naina Tara

Thanks Tyler. 300$ on a 100K property is around 3.5% per year. With a 10 year timeframe, can I assume there will be a 100% appreciation on these properties?

Or is it CA only which has historically seen that appreciation?

Thank you once again everyone for the great  responses. 

Joe, my husband's tech job could allow him to come in a few days every week. Not sure that is the ideal situation for us. 

There are so many articles mentioning that the jobs are leaving the valley to the centre of the country. We were also looking at the option of moving to Austin (till a friend told us it would be a career killer to move out of the bay area)

Thank you everyone for the great responses.  We love California but are not sure for how long we want to be here. But that was the dilemma 4 years ago too.  So there is no clear answer. 

We are in out late forties so need to factor that in while investing .

The multifamily option does sound interesting. What cities would you recommend? 

Marcy, thank you for the detailed options. Your option2 - to be clear we will still need to pay taxes on the rent we collect but can claim deduction on mortgage interest and taxes (even though we do not occupy the first home purchased)?

Tyler - "750k/30k to get 25 $100kish rentals" Sorry I am a newbie to these terms. Do you mean buying 25 rental properties and put 750K down -what is the 30k towards?

Hi,

We are a couple with no kids and single income in the Bay area. We moved here 4 years ago and still renting.

We have saved upto 260K in cash and have liquid stocks upto 500k. 

I was checking for some feedback on areas to buy our first home in the bay area - that's when I read alot here ,on why it is not a good time to buy here (market at its peak and will go down). 

Should we continue renting (4k per month) and invest our liquid cash elsewhere till the market turns? Any suggestions would be very helpful - we also got preapproved loan upto 1.5millon.