All Forum Posts by: David Song

@Karla Simmons from valejoe, Fairfield, vacaville, all the way to Sacramento, there are plenty cash flowing properties. I have a 5 unit in Fairfield, purchased in 2016 for $750k, monthly rent around $9k now, Value about 1.5 m now. I also visited woodland area, which is also a nice city, just too far from where I live. What a joke people keep saying Bay Area does not cash flow.

It appears that people living out of CA knows more about Bay Area than the locals living here. I have invested in the Bay Area, peninsular, east bay, and Central Valley for over a decade. All properties cash flow well. What kind of blind statement it is to say that Bay Area does not cash flow.

Just purchase 4 properties this year alone, one in Central Valley, one in east bay, one on peninsula, and one in Santa Cruz. All properties cash flow positive. What a surprise.

Peninsula is mostly cash flow negative. East bay is about break even. Go further east, Central Valley is positive.

For 1.5 m, you can look into 4-5 units in Central Valley. Or a larger SFR in east bay, which you can divide into more than 1unit.

I have a general commercial zoned property for rent. An interested guy wants to set up an auto repair business in there.

Is there anything I need to worry about auto repair, particularly environmental contamination.

Anyone has experience leasing to an auto repair shop?

thanks for any suggestions 

Just go to Zillow and click on owned by Zillow option.  

The last year saw the biggest RE appreciation across the country. Zillow, having the buying power, somehow still screws it up is simply amazing. 
Their participation in certain markets contributes to the bidding war frenzy. Their sudden withdrawal will also cause some issues.

Unfortunately, they do not have any properties in the bay areas. Otherwise, there might be some purchasing opportunities.

Zillow owned homes are now REO homes. They are bleeding with all the carrying cost, taxes, insurance, maintenance, vandalism, etc. Nobody is going to take care those properties, and eventually squatters will move in.

The locations where they own a lot of homes will likely see a price correction, very soon.

This is horrible. The seller can file a complaint with California department of real estate, if this agent is licensed. 

This kind of siding is easy to repair. Most of the rot will happen in the lower section of the wall. Just cut those rotted sections out, install new water proofing paper, new z flashing, and new siding. Must paint. Paint protect those siding from water damage. This should not cost $15k, unless you are replacing whole house siding.

T1-11siding, 4’x8’ sheets. Made with mostly paper material, not even plywood.