bay area renting and buying in other markets

Dec 4, 2019 10 Comments

have any one in blind own a property in different state? rented it out. but staying in rented property in bay? clearly i cant afford house in bay area. i am thinking to buy one in another state and rent it out . but i will stay in rented place in bay area.

TC- 150

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TOP 10 Comments
  • U.S. Dpt. of Veterans Affairs / Other zxcvbnx
    That’s the way to do it. If it’s your first property, make sure you are buying in an area you know well or have someone that can look after the place. There are people who can invest for you. DM me for info. Also check out bigger pockets for real estate investment info.
    Dec 4, 2019 2
    • Kaiser Permanente / Eng Elho50
      Isn’t that a bit risky to have people invest for you? I hear stories of athletes and musicians losing all their money bc they entrusted it to someone who basically did terrible investments with it
      Dec 4, 2019
    • U.S. Dpt. of Veterans Affairs / Other zxcvbnx
      I mean everything is risky haha. Hopefully you don’t pick a bad one. There are people out there who can help you decide on what property to buy and help you manage. You just provide the capital. They should be able to show you their history and current deals.
      Dec 4, 2019
  • Facebook public2
    Yep, did this for many years. Owned in seattle, rented in the bay.
    Dec 4, 2019 0
  • New OaYq08
    Real estate is where it's at. Do that 5-10 times then you can retire
    Dec 4, 2019 0
  • Facebook pikachu_
    I suggest wait a bit as the 2020 landscape is looking a bit rocky
    Dec 4, 2019 3
    • Facebook public2
      Maybe in outskirts but bat area property is up a few to ten percent this year. Less than years past but unfortunately hasn't dropped and the jan 2020 laws aren't going to help as evictions skyrocket.
      Dec 4, 2019
    • Facebook pikachu_
      I am in San Mateo and prices have dropped. My friends in MILPITAS also mention the same
      Dec 4, 2019
  • LinkedIn U💰S💰D
    TC 150K yes you can afford a small house in San Jose.
    Dec 4, 2019 0

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