What is the minimum TC required to buy a 2 Bed Apartment in San Francisco?

Nov 8, 2020 8 Comments

Visa status: F1
Planning to rent one bedroom to pay some loan amount.

TC: 185k

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TOP 8 Comments
  • New
    TeBH02

    New

    TeBH02
    Who asked relationship status?
    Nov 8, 2020 1
    • New
      TeBH02

      New

      TeBH02
      He removed it lol
      Nov 8, 2020
  • 0, tc isn't required. Money is required.
    Nov 8, 2020 0
  • Facebook / Product
    pHDP63

    Go to company page Facebook Product

    pHDP63
    Good idea. Do you have cash in the bank? 20% down will get you a standard mortgage on an 800K place roughly $3K-3.5K per month if you rent one bed for $2K you’ll pay 1-$1.5K rent all in. Just consider taxes on the income and the cash outlay plus if it’s a condo you’ll have HoA which are never cheap.

    Prob worth seeing if you can get something near Caltrain at this point?
    Nov 8, 2020 2
  • Apple
    FuKamala

    Go to company page Apple

    FuKamala
    The minimum TC depends on how good you are at saving and your credit score. After taxes you should have around 120k in cash. If you are legit like myself, you should be able to spend only 3k per month, so that leaves you with 84k savings per year. Put your savings into ETFs and gain at least 10% returns per year. Then you'll end up with 280k in 3 years and rdy to get that house you want!
    Nov 8, 2020 1