All Forum Posts by: Brian Garlington

I've been investing in the Bay Area for decades and the midwest.   In a nutshell....If you do forced appreciation and/or invest in a "working class, blue collar up and coming neighborHOOD" you can absolutely get cashflow in the Bay Area. I do.

Carlos and Victor,

I would tae the "uncertainty" out of it. Instead of saying "I would qualify for an FHA loan..." you should go through the process of getting pre-approved. @Chris Mason  can help you out with that. 

If it's just you that would be living at the property you should consider a condo and house hack with that. Buy a 2/1 and rent out the other room. Condos are going for less now compared to earlier this year as well as last year.  In my case I had a very understanding woman many, many years ago that was living with me when I bought a 2/1 condo and she simply said "We're able to get an extra $1,050 a month coming in just by taking in a renter? Cool!"

Paul..............as a fellow Californian I understand.  What part of Cleveland is the duplex in and what sort of work needs to be done? I can see if any of my contractors out there are still taking on any new clients.

You have actually answered your own question in a way. If they show a "year gap" on their rental history I would "pass on them". There are so many people always looking for places to live at in Cleveland, that you won't have a problem finding others. 

As another poster said...................3x what their contribution would be is what folks would use as a standard. I actually don't even care too mucjh abput their income because they could be reponsible for $500/mo and have a gross income of $1,000,000 per month but if they lose their job, all they need to do is send an email to the Housing Authority and they will immediately start paying 100% of their rent until they (report that they) have a job again.

Lots of great info here Eric. How did it work out for you?

Hannah did you ever move forward on Multifamily Repositioning?

Awesome job sir!

Awesome job Tony!

TJ, How has the repositioning worked out?