All Forum Posts by: Vivan Bhalla

@Account Closedthanks so much for your advice, It is very helpful to hear from such experienced investors like yourself. I am also focusing on getting a MF house which has more units. However, there is one big question that I have in mind - "Will I be able to get something with a 50k down payment?" 

Thanks @Chris Mason for the advice it was really helpful. Also, @Account Closed thanks for the advice on MF real estate houses. I will look for that as well. Do you have any areas in mind where I should focus? Chris mentioned Richmond to be a nice choice, what are your suggestions?

@Account Closed Thanks for your reply. I tried finding a few homes but I could not find anything for this range in the bay. Which areas were you referring to?

Also, how can the rental income let me buy a more expensive home? Can you explain that strategy please?

Hi Everyone,

I have been reading the book on Rental Property investing by Brandon Turner and it is helping me a lot. Brandon always mentions that appreciation is like gambling and a speculation. We should not buy any properties based on speculation. He says the first thing we should look for is positive cashflowing properties. But people from the bay area know this very well that here it is basically the appreciation which matters as most of the properties are negative cashflowing for a long time. 

I currently have 50k worth for downpayment (700k loan) and was looking to buy a home with FHA loan and house hack. that way I will save up living expenses and also taxes. In my range, there were a few houses in San Bruno but only 2 bd and the numbers did not make any sense. Also, the only places that makes sense were places in East Bay (Hayward, Oakland, Richmond etc). Now, the only thing I am confused about is which location should I choose and also should I ride this appreciation roller coaster? How do you people find out if a property is going to appreciate or not?

Any help would be greatly appreciated. 

Thanks

* Correction - Mistyped Bay to Bar. Sorry about it

Hi,

I am a newbie and want to get started with real estate investing. I live in San Francisco and my goal is to buy properties that can slowly start replacing my income. However, I am getting a difficult time analyzing how much would I need to start in this market? I am open to house hacking and also looking to make this property as my primary home and get FHA loan.

My price range is 700-800K initially. I want to know whether I should increase my budget or look out of state?

@James Wise Hey james, thanks so much for your reply. It was really helpful. I am messaging you to ask for some more advice. Thanks

@Blake Edwards

Hi Blake, messaging you for more info.

@Scott Pearson

No, my job is in bay area

@Bryan Blankenship

I have heard about that kind of investing before. I really appreciate your advice. Will send you a message to discuss more. Thanks