Is now a good time to invest in a house in the Tracy/Modesto area.I am 18 years old, and live at home with my parents. I have managed to save 20,000 over the last 1 1/2 years working at my part time job. I make anywhere from 1,200-1,500/month and my only expences are my 10$/month phone bill and 100$/month car insurance (I get grants for college). I will more than likely stay at home until I finish the schooling required to become a radiation therapist (I'm on track to getting my AA at 19 and then apply for a 18 month training program through kaiser) so I will not need this money until I finish the program and wish to move out. I want to invest this money rather than have it in my savings making a whopping .01% intrest. I am thinking about investing in home between $50,000-100,000 to buy to rent out (my parents will co sign because I have no credit history and they have excellent credit). I live in the Bay Area but am looking to buy in Modesto area (only place to find homes for that price). I figure if I get a $60000 loan with 20,000 down on an $80,000 house I can expect to have a 600 dollar mortgage based on 15years @4.9% intrest. If I could find a renter at 800/month (which is what zillow is saying rent would be for a house in my range) that would take care of mortgage and I could save the 200/month extra for months I don't have renters (even if I don't find a renter I would be able to take on the 600$/month mortgage because I have over 1,000/month I just throw in the bank anyway) I plan on being a landlord in the future and would like to get a head start. It sounds like I should just hire a financial adviser but any advice or anything form anyone here would be much appreciated. Even if it just answered my origional question (is it a good time to invest in Modesto or possibly Tracy area.)Thanks!September 18 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.