All Forum Posts by: Account Closed

I made a goal to buy a duplex by screening for ones that follow the 1% rule. However, I've looked around at the Bay Area and Sacramento using redfin, and I'm not finding anything that really meets this criteria. Even in places in Oakland it's more like the 0.5% rule. 

Is there a better way to screen for places in CA than this rule? Does appreciation play a larger part?

congratulations!

Ah okay. That doesn't sound bad at all.

Was expecting to have to head out every weekend.

May actually be willing to go out of state now to purchase housing if I can maintain a once every 2 months thing. Or even less.

The average for the S&P 500 is around 10%, but this is over a long period of time.

So how often do you have to travel to your properties?

Didn't phrase the topic title correctly. It should be:
"What rate of return makes owning real estate worth it?"

Assuming that I don't expect appreciation.

What sort of rate of return should I aim for to justify owning property? 

I'm seeing around a 12% return from investing in real estate in Sacramento, but I don't know if it's worth the hassle given that Sacrament is an hour and a half away. 

Part of me just wants to chuck all my money in an index fund.

Hey. I'm also from South San Francisco and also working as a software engineer trying to find some real estate to invest in. I'm still a newbie. We should chat and learn more about the market around us.