All Forum Posts by: Wayne Toh

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@Justin Bradford @Samuel Diouf @Nathan Gesner  Thank you all for the information. It seems that everyone has their opinions on how to start out and I am truly grateful for your insight. I will continue researching markets outside the bay and see the appropriate actions to take. 

 Thank you for the insight. That is also a great option and I've also been considering it. I only chose this year because of the constant news I hear about real estate and how the best time is always 'now' and I believe I have finally saved up enough for a down payment after working for a full year. I have always been interested in financial literacy so I have been looking for a another good investment outside of stocks and bonds. I chose to mention grad school because it plays a big decision in my first option as well. However, I do think saving for another year can also be impactful. 

Hi BiggerPockets Community , I’ve just recently graduated and is working in the bay area. I really want to get started in real estates. My current conditions are that I am expected to go back to graduate school in a year but I am unsure which part of US that would be in. I am currently pondering between three options.

1. I buy a primary here in the bay area but that would stretch my budget out dratically because of the high prices here but turn it into a rental after. Due to my limited income, this could even remove the option of low down payment just for me to see an acceptable mortgage payment. If this is the case, should I start of with a condo or SFH and house hack. 

2. I invest further away (maybe Central Valley/Nevada) but I am still able to manage the property. This allows me more purchasing power and I still have peace of mind being able to see the property as I am just starting out and want to learn more, (rather than leave it to a management company).

3. I invest OOS, where my risk tolerance is the lowest and may end up purchasing a lower priced property well within my budget where I can cover any vacancies/emergencies using my own capital. If so, what are some good appreciating markets with good economic growth and safety? I've been looking into areas in Wisconsin and North Carolina  (I chose these areas  because I have people there who could potentially help me out in the area) but all market ideas are welcomed. 

I am very new to all these ideas and have been watching the podcasts, youtubes and reading articles as well, trying to narrow down my options. So, to all investors who are willing to share some ideas, I greatly appreciate it and with your help, I hope to become a reliable member in the future as well!

Quote from @Mike Paolucci:

Quote from @Wayne Toh:

Hi everyone,

I am a recent graduate and working as a Mechanical Engineer in San Jose. I am looking to start my real estate investment journey but it is difficult starting out in the bay area. 

Welcome to the community! I'm originally from San Francisco and ran into the same issue when I started investing in 2021. I ultimately decided to invest out of state where the numbers made sense for me. 

Happy to connect and answer any questions you might have. 

 Hi Mike, thanks for the connection. I'll be open for a chat and is grateful for your insights!

Quote from @Bradley Buxton:

@Wayne Toh

As Kaitlyn stated starting with why you want to invest and then how that will fit into your lifestyle in the next 1,3,5 years will help give direction. Are you willing to move to a new area and house hack? Could long distance investing fit into your time and energy resources? You can develop a strategy based on the answers. There are markets in CA that can work and will require a different strategy than markets outside of CA like Reno, Nevada or the Midwest. There will be multiple options that will get you closer to your investment goals. 

Thank you for the info. I am open to multiple strategies but is trying to see one that fits me well. So, talking to as many people to get their insight is helping me narrow down my choices. 

Quote from @Kaitlyn Beard:

Hey Wayne!

Well, for starters, I would love to say that you have made it to the right place. Bigger Pockets has given me an eternity worth of answers and solutions supported by rookies and multi-millionaires that are rooting for everyone's success! The nice thing about real estate investing is that there are SO many opportunities and strategies to help support your short and long term goals. What are you trying to achieve short and long term? What is your "why?" Are you looking to get an investment property at 20% down or a primary residence you can house hack (rent the rooms in the house you are living in), or a primary residence (better for people who are married/have kids/don't want roommates) where you live in it for 12 months then rent it when you buy your next property to repeat the process. In my opinion, this is how I have always done, but it takes awhile to see the returns but is good for a long term hold. Being that you are in the bay area, if you wanted to purchase an investment property with 20% +- down, then you may want to look into a cheaper location to start with. However, everyone has their own opinions and ideas. I'd love to jump in and help out! I am originally from CA and am now in Texas, but I have a handful of properties and am a licensed Realtor, so I'd love to connect and help you out!

Kaitlyn Beard

(325) 792-7992

Hi Kaitlyn, thanks for the insight. I would love to connect and possibly learn more about the process. I have already watched so many videos and read so many websites but it just keep opening up more possibilities. I have narrowed down my search but I believe learning from someone who has done it would be the way to go. 

Hi everyone,

I am a recent graduate and working as a Mechanical Engineer in San Jose. I am looking to start my real estate investment journey but it is difficult starting out in the bay area. I have many questions and hope to understand the bright minds in here. I would like to network and learn about the possibilities. Please let me know if you are open for some discussions and I hope to prove myself to be of great help in your journey as well.