All Forum Posts by: Angelou Masters

look up realty experts in Fremont and ask for Sean Beattie he’s an honest, knowledgeable, and fair guy. Tell him I sent you.

Don’t give in to any of her demands and Fire that realtor ASAP! Document all your communication with her via  email or mail preferably mail she has to sign for. Because of her age, illness, and the overly tenant friendly laws here in Oakland you are stuck with her until she wants to move or breaks one of the very few just cause laws. It cost me 30k which consist of 9 months of mortgage payment plus a few thousand cash to get rid of a squatter. To top it off the squatter told the judge that they was squatting!! 

call Sean Beattie he’s out of Realty Experts in Fremont he’s very professional and easy to work with. He manages properties all over the east bay. If your property ever has a maintenance issue you can rest assured he will get it repaired at cost.

Give him a call and interview him tell him angelou told you to call. Sorry this message board won’t let me leave a phone number.

1.5 million is a heck of a lot of money. However in the east bay you won't be moving up to many steps from that four plexi if you're going for A or B rated properties. How about becoming a lender and charging 8-12 percent and 2-4 points for short terms loans. In this market everything is so overpriced and its hard to cashflow with quality buildings. 

the city of oakland plays hardball with the variances but if you're willing to spend some money and jump thru some hoops you just might get lucky. You could always ask your neighbor to sell you the 33sf and then do a lot line adjustment then all you will need need is a survey and meet any of basic requirements.

For your sake listen to what Marcy is saying! You need someone that knows the current laws and what disclosures you need to protect yourself. If you don’t use a professional and things go wrong they will go very wrong really fast and it will cost you ten of thousands of dollars if not much more. Title companies do not give you disclosures to give to a buyer. Once things begin to break or the buyer finds out about costly repairs they will be angry with you and wonder why you did not make them aware of it. Without the proper disclosures you are putting yourself at risk. Would you drive a car without insurance, own you property without insuring it, then don’t sell your property without protecting yourself by using a professional. I’m an investor and have been for several decades and please believe that being forwarned you should be forarmed...

This duplex is already gutted and ready to be put back together. This would be great as a duplex or great as a money making condo conversion.It has separate water, gas, and electric meters. it’s currently on the mls but it’s a great deal ready to go. Check the comps on this as a finished duplex and check the comps on this as a condo conversion and you will agree it’s a money maker. Call Erica at 510-418-6432, tell her Angelou sent you

Also the lower unit has the possibility of being a 3/1.....both units are currently 2/1’s

I agree it shouldn't be to hard to find a hard money lender to fund your deals. Most hard money lenders want about 20- 30% percent down. So if you find A property for 100k and put down 30% you would still have 40k for the fix up. Just continue to buy properties that you can afford and build up from there. You will eventually find a hard money lender that will give you even better terms. Also you could look to family or friends or even advertise for a private lender because the bank is paying close to nothing! I met an old guy before and he lent me close to a million dollars across 3 different properties with good terms! I haven't duplicated that yet but I have some very good hard money lenders. You did a great job on your flip, it looks like this is your calling. Go get em!!

riding your bike to bay farm island will be a bit of a hike but is very doable from the fruitvale area, laurel ,or Maxwell park. If you were to live in the Lake Merritt area you could possibly do ride as well. Keep in mind that the buses here have bike racks so you could use public transportation and then ride the rest of the way. Or better idea try and rent a room in Alameda with your budget it might be doable.

I'm a life long resident of  Oakland and I own a handful of rentals as well as flip properties for a living. I don't think you should gamble on further appreciation at some point the market will have some type of correction but not a crash. Take your profits while you can and find you some properties in Dallas that will have a positive cash flow from the beginning! When the market softens and you start losing equity and those rentals really become negative you will be kicking yourself in the butt! This is a business not a casino and if it comes to a bird in the hand versus a gamble I think you are suppose to take the profits!,