Are you buying rental real estate right now? Or stashing cash & waiting for a downturn? If buying, where are you finding good returns? Oh, right: TC $330K, non-Bay Area
Always buying rentals, never a bad time only good and better times.
Location you target for rentals ? And is it condo : multi family ?
Seattle and bay. Single family, multi family, small building. Never ever buy a condo.
Salesforce, 330k and non-Bay Area! Level and YOE?
Cannot disclose π
Never buy rentals. It's a lot of hidden fees everywhere and a lot of management that you need to put on it. Weekends, nights etc. Plus, the buy to rent ratio is the worstenin the whole country
So what is your long term investment strategy?
Buying a π to live in it... Maybe. But the best is still the liquidity of an index fund
I invested in an 8 Plex in Stockton. Have had it for 2 years. Positive 2700 after stabilization. Have a property mgmt company that deals with tenants. So far, so good. Built 200k equity thus far and looking to do a 1031 into a larger property
Pm me details of the property. I am actually looking to 1031 into a multiplex from a single family. Could be a buyer :)
Rich dad poor dad at play here π
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Waiting for Bay Area downturn to buy
You could be waiting for a while