All Forum Posts by: Brian Garlington

Your CPA does not need to be in "The Bay Area". Your CPA needs to understand real estate investing AND own rentals themselves so they know the best way to do things. I own rentals here in the Bay Area as well as Out of State and the person wheo has been doing my taxes for years is in Georgia. Check out @Bill Hampton

That's a pretty ambitious plan regarding the Condo.............How is it working out?

No probel Willie,....I hope it worked out for you.

Have you compared the cost of moving to the other costs? There's a "reason" why they are giving these away.

A title company

Matt,

Rent the units out to tenants with a Section 8 Voucher. When a tenant in Oakland has their rent subsidized by the government then they are not subjest to rent control. My rentals in Oakland are all either Section8 or Abode services (similar to Section8 but better) and each year I have raised the rent by 5 % and even in the pandemic the housing authority raised the rents.

Marta........Piedmont/Montclair are definitely areas where it is an appreciation play. If you are looking for positive cashflow then there are other areas of Oakland.

Nope

I would definitely not offer asking prince on this one once it went past that 30 day mark of being on the MLS. Looks like the listing ultimately got canceled anyway.....looks like there still is a vacant unit here though.

Michael........I know countless people who over the decades have said....I don't want to buy now because prices are too high (while the rates are basically the lowest).............those same people years ago when prices were down also said they didn't want to buy because rates were too high.  

The average cost of a house in the B+ areas of San Francisco was $350,900 in 1990.............and the interest rate was about 10.13%.

About 9 years before that the interest rate was about 16.83%.

Get pre-approved with a lender, now....and then let that be your guide on what to do and where to do it.