1. Everyone scared to buy so i bought while it was not competitive 2. i looked for something 15 min walk max to BART train station to make it easier to rent to workers in sf despite being in less desired area 3. I'm a broke entry level eng so i settled for east bay area (city with 0 homicides in 2019) 4. I'm a broke entry level eng so im renting out 2 rooms to friends 5. Starter SFH: 3 bed 2 bath for under 700k, 20% down 6. after mortgage interest tax deduction and extra rental income i basically pay like ~700/mo 7. if you consider that 700/mo and notice it goes towards my principal/equity, maybe consider it $0/mo 8. add utilities $250/mo and set aside maintenance costs just in case ~500/mo = 750/mo + ~700 into my equity/mo I definitely made compromises to be able to get a SFH. Hope it appreciates well Since I have family in the bay i don't want to get displaced if housing prices 2x again in 5 years like it has, so i bought in 2019 Sharing story in case it helps! I think most of you have saved more than me so it should be easier for you and not have to make as much sacrifices 205k TC 2 yoe 24 yrs old #bayarea #sfbayarea #eastbay
Where you end up finding a home for that price in the east bay? Genuine question - not familiar with the area ...
How long commute?
Nice house hack!
Anything to get through this housing crisis 💪
Congrats. And Great job hustling! That’s how I started and now I have a few properties in SFBA after moving 8 years ago.
The dream is to be like you someday :)
Could you please DM me the location? I am interested to be your neighbor. Single lady in my 30s and wants to save up some equity.
Can you dm me the area? I’m looking to buy in east bay as well. Thanks!
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Congrats! You started living American Dream!
Thanks! it is not ideal to live with others but hopefully in 5-6 years i will have saved up enough to not need extra $1800/mo rental income I actually wrote about the American dream to the home seller lol
It’s a good start ! When I was 24 years old I was renting a townhome with 3 while finishing my grad school! A right step towards your dream is better than ideal step. I am so happy for you and wish you all the best!