stockton, CA · Member since 2018 · 14 posts · 3 votes
I’ve noticed that San Francisco is quite expensive just like Mill Valley but not as much activity Compared to San Francisco for investor. Is mill valley still a hot market to fix and flip?
Contractor · Mill Valley, CA · Member since 2017 · 7 posts · 0 votes
6y
Mill Vally has opportunity but getting in under 600 SQFT is pretty hard. There is a large depend for homes and people have the money to pay price far above any cash flow possibility. If you can find a gem you have a shot but the cost of capital will really kill you if you have to stay in longer than expected skimpily because the caps are so low and the entry price is so high. Rent will cover a smaller percentage of expenses but it’s one of the most in demand places in the bay if you have the money to play there.
I personally feel the play is old larger homes up in the canyons that can be switched to duplexes.
Investor · Marin County California · Member since 2018 · 1k+ posts · 2k+ votes
6y
Our last three fix and flip opportunities in Marin have been in the Ross Valley - San Anselmo and Fairfax. San Rafael also has its shares of fixers on the market. Entry point in Mill Valley is about $950,000 to $ 1.05 million for a fixer.
Realtor · San Francisco, CA · Member since 2018 · 34 posts · 19 votes
6y
@Robert Nabong - Mill Valley had their best month in history last month. It is an extremely competitive market for single-family homes. Many homes are receiving 10+ offers right now. If you select a good location and the right finishes, a flip would do very well.