New investor looking for MFR in the Bay Area
Hello!
I'm looking to get into MFR (4 units) investing, whether here in the Bay Area (preferred) or out of state. I'm hoping it would be in the Bay Area since I can rehab myself, but I don't believe I can find anything here that cashflows. What are your guy's thoughts on this?
Thanks!
Most Popular Reply
@Wayne Brady there are many posts about this topic, but the summery is that cash flow does exit in the Bay Area. Remember that cash flow is a function of how much you want to put down on the purchase. It is also a function of the rents that you can generate from the property. If you are thinking that you can do a 20% down with no strategy to increase rents, then you will never find a deal here. But if you get creative, based upon your strengths, then cash flow and appreciation is 100% possible in this market.