All Forum Posts by: Victoria R Moos

@Victoria R Moos No money down will be quite difficult to achieve as a first rental. Most lenders would want to see experience and track record to remove your need for skin in the game. Have you considered house hacking a sfh home here/rent out rooms? You could get by with less than 5% down with conventional pricing, which is incredibly close to No Money down

I'd be happy to discuss further. I'm also based in Redwood city :)

I’m also relatively new to real estate investing but I’ve done a lot of research and have been educating myself in real estate for the past year.

What I would say is to also be open to investing out of state. You can do this by hiring property management companies or doing things remotely as I can share the challenges of the insane home prices where you are. Silicon Valley is one of the most expensive cities and California in general is also not the most friendliest state for landlords. Good luck!

The best advise I have is just keep showing up!! Never give up!!

@Victoria R Moos congrats on deciding & wanting to start w/ investing in rentals. Definitely a big & hardest first step is getting into it. 

Hopefully you’ll be able to connect with a lot of other investors within Silicon Valley, attend groups & leverage their connections, partners/vendors & relationships as you build your own!

Biggerpockets has a ton of resources on no-money down strategies & techniques that I’m sure your familiar with..? Can work a lot of different creative financing depending on potential deal & people, other investors & sellers. 

The biggest thing would be connecting with those people, then also finding solid deals within the market out there in order to get started. Whether that’s doing your own marketing, having good relationships with other investors, or other key people that can connect you to a deal, etc.