All Forum Posts by: Adekunle Betts

I live in Fruitvale, I just bought a duplex here. And I'm starting to see the signs of gentrification. 

Pardon my bluntness... But, I'm seeing white people, where I wouldn't have expected to see them 10 years ago, riding fixies up and down international at night. Right on past the sex-workers and pimps. 

Ale Industries a micro-brewery opened up a bar 2 blocks from Fruitvale Bart. There's hella hipsters in there drinking beer on the weekend (I'm there too playing pool, does that make me hipster!?) Half Orange has been there for a while serving really good finger food and micro-brewed beer. The point being here that this is the kind of stuff millennials with money tend to like. This is not so much the kind of stuff members of the community with less resources partake in. 

I know a lot of folks that work at Tech companies in SOMA in SF, and commute there from Fruitvale. 

I wouldn't put Fruitvale 10 years out. At least not Fruitvale between Foothill and 580. 

I think West Oakland and East Lake Merrit are gentrifying NOW. Like we're 50% of the way ther in East Lake. And 65% of the way there in West Oakland. 

I'd place my bet on Fruitvale being more like East Lake within 5 years. 

The cool thing about Fruitvale is, there's plenty of properties that can cashflow here, and as long as you're not shopping for a SFH, you can pick them up at a decent price without much competition specifically if you intend to owner occupy.

SE Michigan is a very popular area for what you are looking for.

Hey Adekunle. I'm down in LA and started out, and am still doing, exactly what you are talking about. It can be a great way to get your feet wet and with less capital to start than anywhere in CA. 

Ohio, it depends on what city specifically. Dallas used to be great but prices there now are higher than before the recession and cash flow has gone more minimal and with a lack of inventory. Vegas has some fundamental issues that make it not a market I've ever wanted to focus on, but even those aside, prices there have already skyrocketed too. 

There are several markets out there. A lot of it will depend on your preferences....price range, SFR or MFR, urban or suburban, etc.

Happy to chat markets anytime if you want to reach out!