Fair enough, I have partial ownership of a commercial (apartment) building in the Bay Area and I would estimate it as a Class A- to maybe Class B - great location, great tenants, nice amenities (not high end like gym, new pool, community room with big screen TVs, etc), high rents, but building is older (built in 1950s).One investor I saw post that they look at where Starbucks and Costcos are opening and possibly factor that into looking at different markets.

It’s awesome that you’re diving into real estate and taking the time to build a solid foundation first.

Good luck building your portfolio!

For reference, we currently build 1 million homes per year just to keep up with current demand.

.✅ Building strong relationships and partnerships.✅ Exploring creative ways to get deals done, even without a ton of upfront capital.I know that success in real estate is a team sport.

You will need to look at CA building code.

Simple answer - yes you can alter your funding source after putting it under agreement if you chose to use a hard money lender instead - i would just communicate with seller that hey I was going to use cash (assuming you have it from your heloc) and instead will finance some of it but let them know its not contingent on financing.

I am focused on building capital at the moment since it wouldn't be a primary residence for me, so I want to stay under $300K.

We know that they’re building up, it's near a hospital and it is a good neighborhood.

I have worked really hard over the past decade to position myself to begin to build my portfolio.