East Oakland still possible for cash flow on rental property?
Hello All,
New to the forum and started researching some options in SF Bay Area. Oakland intrigues me since it is so close to SF and I know friends who live in West and North Oakland and commute to SF for work. East Oakland has always been rough but I feel prices are climbing.
I was looking for properties that can cash flow even $100-$200/unit per month as I'm in this for the long haul. I believe all cities bordering San Francisco will hold value and has a decent chance of appreciation. If anyone has experience with East Oakland rental properties and the city in general, please share. (Pro's and Con's). BTW, we are looking for older properties with needs and plan to do the renovations ourselves (new flooring, new paint, etc).
Here are a couple properties I've been eyeing (now pending!)
https://www.zillow.com/savedhomes/for_sale/2478943...
https://www.zillow.com/savedhomes/for_sale/2479858...
For what it's worth, my parents are suggesting I save a bit more and look into other neighboring areas like San Leandro.