House flip in East Bay vs buying rental properties out of state.

[John Choi]

I am a construction project manager working in Palo Alto area. I saved up some cash enough to do my first real estate project. Currently, I am thinking about buying and flipping a house in East Bay area using my connection and construction resources. Looking at the housing market, I was also thinking about buying rental properties out of state but am concerned about another downturn in the real estate market even if I bought a rental property at a reasonable location and would get 12% + cash flow.

I am still not sure which option will be the best fit for me: House flip in East Bay vs buying rental properties out of state.

Would you please share your experience and expertise if you have done any flip projects in East Bay?

Your comment is much appreciated.

[Arlen Chou]

@John Choiyou have the perfect back ground for making some serious money in the East Bay.  There are definitely some great opportunities in Oakland and surrounding cities, IF you can get in and out quickly.  You should definitely try to get out to one of the meet ups put together by @Juan Diaz.  He is a very successful flipper in the area and his meet ups are full of great information.  I am sure a guy with a deep construction background would benefit by spending some time with Juan.

Get into a property in the winter low season and turn it with your skills and connections by the spring/summer selling season!

Good luck to you!

-Arlen