Buying outside BA

Nov 21, 2019 7 Comments

I’m looking to invest in my first home. Honestly, I don’t see a lot of value in many places around the BA, except for pockets in East Bay.

I’m thinking a much better strategy is to invest in places like Sacremento, Chicago, Denver etc... and keep renting here.

Does anyone else feel SF and South Bay is waaay over valued? Pretty sure I missed the boat on the boom around here.

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TOP 7 Comments
  • I’ve owned a couple homes in Denver over the last 6 years and they have done extremely well. Awesome market to buy!
    Nov 21, 2019 0
  • LinkedIn UiUw57
    I know it seems over valued but I’ve lived in the area 50+ years and it’s always gone up with some flattening out here and there.
    Nov 21, 2019 0
  • Afterpay / Eng OzFSE
    Look at the coast in other states.
    Nov 21, 2019 0
  • NetSuite qNAH50
    Look at Roseville.. just east of Sacramento... great schools, beautiful and affordable... one of the 25 fastest growing cities in America
    Nov 21, 2019 0
  • VMware nvDJ12
    Which of these are you saying ?
    - This will be your first home ever, but you will be renting here and investing in another area
    - This will be your first home ever, you will be living in it, but you also want it to be a good investment (high risk high return)
    - You already live in your own home, and want to buy a second property as investment

    First does not make any sense whatsoever. Just do the math and calculate your return. You have better chance at investing in stock market and be liquid all the time.

    Second one: Buy most you can afford with your wages in an area that is up and coming, and relatively closer to work (e.g., < 1.5 hrs)

    Third one: Buy a multi unit that is about 1.5 hrs outside bay area, needs some fixes (but not totally decrepit) whose owner is old and wants to get out. Buy it, renovate cheap, increase rental value, re-rent, buy a pickup truck so you can be hands on when needed, then refinance. Beware most multi unit purchases will require high downpayment.
    Nov 22, 2019 0
  • Following
    Nov 21, 2019 0
  • Bay Area is a cess pool. Get out
    Nov 21, 2019 0

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