All Forum Posts by: Tobias Falzone

@Letitia Harris I don't know of any groups.  I would be interested in joining a group though.  I grew up in Turlock and can give advice on neighborhoods there.

Pine Mountain Lake near Groveland and Yosemite is a nice option as well.  My family has owned a property up there for years

@Leo B. Good to meet another Herculean on BP! I'm in the same boat as you, I have enough to put down for a 200k-800k property, but the financing folks people I have talked to want you to be local or get a bigger property. I'd love to invest locally, but California CAP rates are depressingly low, and assume they will make it up in appreciation, which i'm not sold on long term. I'd rather have a sure bet on a predictable income stream. Those types of properties with good CAP rates I can only seem to find out of state. If I can save more or partner with someone to get a $1M+ property, I would have a lot more options.

Retail and Office properties come with their own advantages and disadvantages, but you generally run into the same financing size/locality requirements as the multifamilies.   They require less management and tend to have longer term tenants, but long vacancies are common on moveout, which increases the risk.  I personally feel that multifamily is more predictable.  Everyone needs a home.