Don’t buy multi-fam in Bay Area… 
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The person can’t fire in the bay area after 10 years with a decent commute to work buying SFHs. Multifamily is the only way without having to settle for a rough commute or bad neighborhood.
Even this 4plex only generates 5% rental yield. Is $1750 for a 2/1 too low for Ssf? What’s the market rent for these 2/1 at this location?
Using this 4plex to FIRE won’t work.
Too low. Should be at least $1K more each.
Assume that you can save $120k per year after tax and living expenses, what’s your plan to FIRE in 10 years? This will make the assumption more explicit and make your planning easier.
Even if you just save money and invest in SP500 index, you should have 2M in 2028. Can you make it better to have a passive income of 175k a year?
Is this landlord a fool or are you overly optimistic? Why does this landlord charge such a low rent? He would cry a river if a rent control suddenly comes tomorrow
You would need to pay for such financial advice. Please refer to my PM. Send $ to the relevant account. Please don’t tell others 
If you don’t believe me go look it up on Craigslist and/or Zillow.
Not seeking advice for myself. It’s a response to @manch’s question in 350k thread.
I’m going to open an online FIRE school and charge $10k for a 10 year FIRE course. Stay tuned.
Winners of this competition might be invited to be lecturers 
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I will give classes on flipping. Students will learn while working on my flips for free…lol… interns …
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What? That’s my job! 
That’s why I’m looking so hard at Atlanta…but I fear I might have missed the boat. Still opportunities though when looking at it with my Bay area rose tinted glasses.
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Yeah Atlanta is the kind of market I’m talking about.
I don’t think you’ve missed the boat. Not all coastal investors have made the transition yet. People always first look to make money the way they made it in last decade. The stock market has not yet corrected to extent that money is shifting out. And the folklore is that these markets “don’t go up much in price.” I think that’s going to change.
Also, and you can discount this…but I’ve learned I’m always “too early” when it comes to investment opportunities and then I think they are over before they’re really over. I notice opportunities early but am too tentative…I get in right after the really smart money and I feel late to the party, I also don’t bet big enough, I exit with a decent profit, and THEN the crowd gets in and I realize I wasn’t too late after all. So, I have started to acknowledge this pattern in myself and make myself pursue opportunities after they seem too late in my own eyes.
Also what are you seeing in Atlanta in terms of prices, cap rates, jobs etc?
The key take away here is size and endurance. You have to bet big and hold long.
You can buy up and coming areas for 300-350k renovated and rent for probably 2k. Another option is buying fixers for 150-250k and renovating and selling 400-500k. If you’re interested you can PM me. I’m from Atlanta so I’m going to start looking for some options and partnering with friends in the area probably.
Job market is on fire there. Lots of young people coming in. Awesome restaurant scene. Atlanta will smoke Austin’s market if it hasn’t already.
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if you start a small pool of investors, let me know. I am sure there might be a couple of others on this forum who would be interested.
This number is probably not much better than Austin, but Texas probably has higher property tax. But I’ve heard a lot of good thing about Atlanta in terms of growth, so I am interested in finding more about that market.
Please share your gems. I place big bets like millions of dollars. Just lack of ideas. Would be thankful that you would share. Thanks again. Yes, I need workable ideas. Plenty of ideas around, workable ones not much.
Btw, I don’t quite understand why people talks about cap rates for residential properties investment by mom & pop. Thought cap rate is for commercial properties (5 or more units). For residential houses, prices are determined by comparison not cap rate, and we care about quality of tenants.
Less than Austin? Recent purchases,
Purchased $280k, rented out at $2200.
Purchased $285k, rented out at $2250.
Property tax is low?
Austin about 2.3-2.5%
Huh? Double standards? Didn’t tomato and wuqijun ask you and you said is with family only?
Depends on neighborhoods. Austin downtown is almost as expensive as SF. I didn’t buy any in downtown. I bought in Austin suburbans, no exurbs yet.