All Forum Posts by: Rome Xu

@J. Martin, thanks. 

@Rome Xu, yup you can buy a 4 unit residential property with a plain boring 30 year fixed residential mortgage.

20% down if you're going to live there. 25% down if you aren't. 

There is a 3.5% down option, but it's tough to get offers accepted using that in the Bay Area for multi-unit properties. 

Are you so sure about that @Rome Xu ?  There are quite a few Bay Area investors doing really well.  The numbers scare me but you know @Arlen Chou @J. Martin @Armin are all making money in the bay area.  Come out and meet up with us at either a San Jose, Oakland, or San Francisco meetup!

@Rome Xu Welcome,

I am a big believer that you should buy almost nothing at its peak. I like to buy stocks low, bonds low, and get deals on property.

Usually when there is retail craze in an area like San Francisco, that's an indicator for me to look elsewhere. I live in New York, so I am definitely used to real estate crazes.

I would recommend checking out areas in California or nearby states that may be ripe for new investment. My familiarity with the state is limited, but I understand that Sacramento and Bakersfield are very reasonable in comparison to their nearby neighbors.