Is it possible to buy a cash flow property in the Bay Area?
Hello,
I am planning on buying a 4plex property in the Bay Area using the 3.5% FHA loan on Jan 30th 2020. When I look for cash flowing properties, however, none of them have enough rent income to cover the debt service and expenses using the Bigger Pockets cash flow formula that I have included in the link below.
3420 Carlson Blvd:
Link to deal analysis calculator, both FHA and conventional financing:
https://drive.google.com/file/d/1-uWNXgtOPKqt0Vx7I...
Is it possible to find a 2-4 unit property in the Bay Area that will cover debt service and expenses? If so, please include examples.