All Forum Posts by: Rhyna Orillaneda

@Brian Garlington - how would you compare the 3 areas? Antioch, Pittsburgh and Oakley? My goal is buy and hold as long as possible till I retire.. lol. Thanks again.

@Brian Garlington - thanks so much for your reply! You have responded to my queries on 2 of my posts. Really appreciate your time. But it’s so good knowing what to expect. If it does increase the price after the construction is done, it probably would still be the same as when I am bidding an old home! 

Hi all. A bit of background about myself. I have a full time job. I don't have any deadline when to stop working. My primary home is in San Jose. I built an ADU. I recently got a preapproval to purchase another property. Looking at the East Bay. Would new homes be a good option in Antioch, Pittsburgh or River Island be a good idea since that is my price point and have it rented? I just don't have the time and energy to be in a bidding war. Thanks for all your feedbacks.

Rhyna

Buying a home here in the Bay Area was the smartest decision I ever made in 2009. If you are worried of the big mortgage, you can always be creative. I added an ADU and actually plan to pay off my house with the rental from the ADU. But of course, we each have different goals. Good luck on whatever decision you come up with.

Rhyna

hi all. I'm from San Jose, CA. Have a question. I have 3 401ks from my previous jobs. I currently have a new employer and I am contributing to the their 401k. I'm planning to buy another real estate investment next year and looking into borrowing my 401k. My question is should I convert the previous 3 401ks to self directed IRA or just transfer them to my new employer and eventually just borrow 401k from them?

Thanks for all your inputs.

Rhyna

Hi. I currently own a residence in San Jose, Ca. I finished my garage conversion ADU 1 1/2 year ago and renting it out. Got approved for another loan. Aiming to buy the end of this year and targeting East Bay. Been researching but I am more inclined in new homes. Goal is buy and hold long term. I have no plans in retiring soon. I will work as long as I am physically able to so cash flow is not my priority. Looking more at appreciation play. Are buying new homes better? Here in San Jose, it is a bidding war and people pay way more than the listing price. Would it be like this in the East Bay? Because if it is, I would rather buy a new home. Thoughts?

Thanks in advance.