Jacksonville, FL · Member since 2015 · 183 posts · 22 votes
On the flip side of things, any rehabbers, local residents or investors care to share any information on what they are experiencing as the distressed property inventory level in San Francisco and San Jose?
Very little inventory. Mostly cash buyers. If you can value add then you have something. Some areas that are light industrial are going thru a rezoning to residential because of the housing ( lack of) . Google is adding 30,000 new jobs. I would check with local city planners to look into rezoning areas and home in on those.
Very little inventory. Mostly cash buyers. If you can value add then you have something. Some areas that are light industrial are going thru a rezoning to residential because of the housing ( lack of) . Google is adding 30,000 new jobs. I would check with local city planners to look into rezoning areas and home in on those.
Teams on the ground may be necessary. It seems properties in some areas of San Francisco are selling in excess of the listed price and properties often requiring moderate or extensive repairs are being bought at prices in excess of ARV. The economics of things in San Francisco is quite a challenge.