All Forum Posts by: Davon Blackwell
Davon Blackwell has started 1 posts and replied 3 times.
Post: Multi-unit investing:. Oakland vs Vallejo
- Vallejo, CA
- Posts 3
- Votes 0
Hi Yvonne. At this time I think Vallejo is the better option. I think Oakland is at or close to its peak as far as appreciation and max rent. People are still being pushed out of Oakland and the East Bay towards Vallejo, Sac etc.
Also, I think Vallejo is a little more affordable for multifamily properties. There are some duplexes and triplex on the MLS for under $500K which o think leaves some room for cash flow.
Post: House for $1 in Bay Area
- Vallejo, CA
- Posts 3
- Votes 0
@SethBorman. Left a few messages with house moving companies. No call back yet. I'l keep everyone posted.
Post: House for $1 in Bay Area
- Vallejo, CA
- Posts 3
- Votes 0
Good evening BP,
A developer in my area (SF Bay Area) is selling a Victorian home for $1. The catch is the home needs to be moved to another lot and plans need to be approved by the city to place the house on the new lot. The house is a 3/1.5, 1350SF, and probably needs a total rehab. The lot I'm looking at is $195k. I would budget $150k for rehab. Homes in the area are selling for $650k and up.
I have a contractor and a lot lined up, but I don't I'm not sure how much it would cost to transport the house and if there are any finance companies that can help. Does anyone in the Bay Area have experience moving a house? Can someone give me a ballpark price for moving the home? Are their any finance options that would help with the move?