I want to start real estate investing. But I live in Silicon Valley where prices are outrageous. Cheapest home is 500K, while duplexes never go below 700K, and those are really bad ones. Good ones stand at 1M. I was thinking of buying a duplex and renting out another half, but there is not way – even cannot break even after tax deduction.
Any suggestion or comment on how to invest in Silicon Valley area?
Thanks!