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Updated over 3 years ago on . Most recent reply

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Gulnoza Bobokalonova
  • New to Real Estate
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Oakland tenant friendly laws and tenant occupied duplexes

Gulnoza Bobokalonova
  • New to Real Estate
Posted

All, I am very often finding duplexes that have both units tenant occupied in Oakland, CA. 

1. Is this the usual deal? 

2. I have asked Redfin agents to get back to me with 'buying out' options about current tenants and never heard back from them. I am wondering now if it is even possible in Oakland to have tenants move out with a new building owner? 

3. When investing in duplex, I will have to invest as 'owner occupied' and live there at least 1 year in order to have lower downpayment. Does it mean that I can only be looking for a duplex that has at least one free unit? 

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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
14,191
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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied
Originally posted by @Gulnoza Bobokalonova:

we are rethinking about investing into a Duplex in Oakland. We might consider Berkeley 


You're not paying attention....Berkeley is even worse. Do some searches on this forum about getting a tenant out in Cali. Is your intent to make money, or play games with a Govt that does not even favor you over your renters?

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