All Forum Posts by: Siddhanth Maheshwari

@matt Thank you for the offer. I will message you about the properties. I will mostly be using my car to commute but Hayward and Fremont have a lot easier commute compared to hayward.

@elliot elias I think it will be hard to find properties in the bay area that will cashflow. I have yet to see any properties with the current mortgage rates that will cashflow.

@caroline Yes I am looking for owner occupied. I think I have narrowed down to mostly between Hayward and Fremont. Concord is quite far from the rest of the bay. I work in palo alto. I won't be able to get a remote letter.

@gordon Thank you for the offer.

Hey Biggerpockets team,

My friend and I are booking to buy our first properties (one condo/townhome each). We are looking for recommendations for good agents and lenders that can work with first time buyers.

Currently we have narrowed down to Hayward, Fremont and Concord based of our budget of 800k to 1 mil for a 3 bedroom apartment/townhouse. However, we are not that familiar with these areas and would love for any insights on these areas. Also, are there any others in the bay that are recommended in this price range?

What are some important questions/concepts we should focus on when buying a personal property? Till now we have looked only at new constructions. 

Regards,

Siddhanth

Thanks everyone. Looking at the monthly expense makes a lot of sense. Buying a 4plex with 2 million dollars seems tough in my area but I can start thinking on how to house hack. I don't want to share the same house with someone. But different houses seem like a good idea.

How much would the tax write-off help?

Hi, 

My wife and I have been living in the bay area for 5 years and till now we have mostly invested in stocks and lived on rent. We are tired of having the rents increase on us so we wanted to buy our own house. 

Given how extreme the ratio of price to rent ratio is in the bay area, does it even make sense to buy our own house? If yes, which areas are good and how do we understand how much we can afford comfortably? We have visibility that we will be staying in this area for at least the next 7 years.

Background:
We both work in tech
We have about 500k invested in stock (not including 401k)
We have about 100k in cash equivalents
We earn a combined income of 550k annually include cash and RSUs
We have no kids and don't have plans for any for the next three years at least. We can work from home.