Rental Property Investor · San Francisco, CA · Member since 2013 · 141 posts · 93 votes
Hi guys,
I've been messaging with a couple of local aspiring investors, and we thought it would be fun to do a casual meet up for drinks/dinner and real estate conversation, of course! Monday, 10/14 at 6:30ish, probably around Financial District. I'll update later with a location. I hope some established investors can join us and share their wisdom, but if not, all of us beginners will get to compare notes on our journey into REI!
@Sarah Lam I can't believe I missed this meetup again. Will definitely make sure I check this thread weekly to not miss it again. So inspired by everyone's experience and enthusiasm here in the Bay Area.
@Amit M. , your expenses have been phenomenally low! I'd definitely expect more in the future! That's great though. San Francisco for sure will skew to the low side of the expense/revenue ratio and the expense/sqft should be low for a while if the units are renovated, good tenants, good exterior of building, roof, wiring & plumbing not 60 yrs old, etc. (happens a lot in SF!)
Regarding that Alameda property, I can't speak knowledgeably about the property, because I don't know what rents I could get out there.. Approaching a 14 GRM by the selller's estimates though, so I would want quite a bit of upside. Plus Alameda is a liquification zone for earthquakes I believe, and they have a "rent mediation board" for substantially increased rents (although not explicit rent control and not sure how often invoked.)
I'm a big fan of Oakland, but prices are getting hot. And I don't like rent control. I'm more familiar with the West Oakland, Lake Merritt/Downtown, and North Oakland areas. Don't know much about south/east of there or the hills..
Glad you can make it in East Bay. I'm going to post it on this forum also right now..
And yes, the wonderful San Francisco folks I'm referring to are all of you :)
Just going to tag some names in case anyone wants to come. It's only an 11min BART ride from Embarcadero!! Come on out and have a beer and chat with your BP brethren! (used for alliterative purposes only gals!) If you're coming, please post on the forum for the East Bay meetup in the link, rather than here, so everyone can know who's coming. Looks like about 7 people so far.. We'll mingle around some more too this time, and I'm feeling like a superdork, I'll bring some name tags!
Thanks again to @Sarah Lam for arranging the SF meeting and bringing us all in touch! ;) Thanks Sarah!
Hey all! Thanks so much for coming out; it was a blast meeting everyone! Great stories. Next time we'll have to bring name tags, and shuffle everyone around so we all get a chance to engage with each other. Thanks @J. Martin for organizing an East Bay meetup!
hello fellow SF Bay Area investors. I would like to join the group meeting in Oakland on Dec 10. I've invested in the Bay Area since 2002 look forward to meeting all of you next month.
Saw you found the East Bay meetup forum also, and looking forward to seeing you there!
I didn't see Sarah Lam yet though! Hope you can join us Sarah! PS my cousin who did materials engineering at Cal Poly said she recognized your name, but didn't know you..
Hey @J. Martin thanks for the holler! Yup, I worked at MATE for almost 2 years! PM me the name of your cousin; I will probably know who she is. I can't make it out on Tuesday, unfortunately. I host a small group for my church every Tuesday. Next time, though! :)
Great thread here, I'm a local who is just getting my feet wet and would love to be apart of the next SF meet-up. Look forward to meeting everyone in the future.
We're going to be meeting in the east bay on the 10th in Oakland if you'd like to come out, say hi, and meet some fellow investors. The link to the details is just a bit higher up on this page under East Bay Meetup. Great things on this website too! Enjoy! And hope to see you put there..
When: Next Tuesday, December 10th, 2013 - 6:30PM to 9ish (or whenever you need to leave - don't be afraid to show up late if you're commuting)
Where: The Trappist bar, 460 8th St Oakland, 94607
Get There: Ride BART to 12th St/Civic Center Oakland & walk down Broadway to decreasing-numbered streets at 8th St. Or search directions for car online.
Hey everyone, just checking in when is the next meet up , me and alex have actively been grinding. Yellow letters, bandit signs and driving for dollars. we are looking to get our first lead. hope to repot back soon.
Hi everyone, we're having another East Bay Meetup! So come join us! If you're coming, please post on the link for the meetup below, rather than this post..
What: East Bay BP Meetup - first of 2014!
When: Thursday, January 16th, 2014 - 6:30PM to 9ish+
Where: Rosamunde Sausage Grill (& Bar)
Swans Market Place, 911 Washington St, Oakland, CA 94607
Get There: Take BART to 12th St/Civic Center Oakland Station& walk down Broadway to decreasing-numbered streets. Make a right on 9th St and walk to the first corner, at 911 Washington St. It is about a 5min walk, a block from the last EB meetup.
Parking at 459 8th St, or other garages nearby at the link on post. Address above.
I just found this thread and I would love to join the next meet up. I started investing around 2011. I'm currently focusing on Multifamily rental in Arizona. I'm also thinking to branch out to commercial real estate. I hope to learn and discuss opportunities with fellow investors.
@Yuliany W. welcome to the thread. There is a great group of people all around the Bay Area and meeting going on all over on a monthly basis. Stay turn in to this thread and the following one for the next meet up..see you there!