All Forum Posts by: Ram Anand Vutukuru

Thanks Yang! Makes sense. Will look in that direction. :)

Thank you so much guys, I a truly humbled by your advices. I am currently 25 and single. I wanted to build and diversify my investment portfolio. I was considering getting a rental property too as suggested by Chinyere. But seeing that there were very few opportunities to generate positive cash flows and as Yang rightly mentioned there are High Appraisal issue I didn't want a liability. So, was stuck in making a decision.

Would you recommend me to look for other markets, If so, Can you please suggest me any. 

I considered paying lower down payment but wasn't sure if its a good idea as I will have to pay a PMI. Please educate me if my thinking is wrong.

Thanks for the quick response Yang. I have around $120k in cash to invest and I completely agree with you that the prices of SFHs in Austin are high and there's strong competition around it. 

And I don't see alot of properties that are generating positive cash flow there. I was not sure if they would start becoming positive in the next couple of years or so. I see a similar trend in Bay Area as well. 

However, with many people moving to Texas I wasn't exactly sure if that will be the new norm in Austin or will be prices drop/stabilize in the Bay Area.

Hi Guys, I am brand new to Bigger Pockets. And I have a super fundamental question. I saved up some money over the years and I super conflicted between buying a condo in Bay Area around 550k-600k with 20% down as Primary Residence vs a Single Family home in Austin around 400k-450k with 25% down as investment property. Can you please suggest me with your expertise.

Also, I am a first time home buyer