All Forum Posts by: Julie L.

Heather Hopkins I would love to know more about the Concord area and what is available. I will shoot you an email as well.

Welcome Brad! I am also a Bay Area RE investor. We have been looking at flips in SF and have been getting outbid by all cash investors. Crazy market we have here. Kimberly Keesler would love to connect and chat about local opportunities. We have amazing contractors that we work with regularly and would like to get into an SF property for flip soon.

@Ali Boone Would love to connect with you and chat about what you offer/ I am a Bay Area investor looking for out of state cash flow rentals. Currently looking in San Antonio, Sacramento and Grand Rapids...but would love to hear your thoughts around Chicago and Kansas. 

Thank you for your responses! We have had a couple offers come in over list, but not enough for us to let it go. I know rents in our area would allow us to cash flow $800/month, but I could probably get that kind of cash flow with very little down out of state. I would like to preserve the equity that the property has and 1031 in a MFH somewhere where prices are not inflated or use the cash to invest in cash flowing properties and quit the W2 life. Sounds like I need to hang out with Minh :) And yes, we are actively working with realtors in Sacramento, San Antonio and Grand Rapids and look at listings daily. So 1031 is ready if the opportunity presents.  

What are your thoughts on the effect on home values in Oakland once the $1.5 billion Brooklyn Basin project is completed? 

Hello @Adam Ulery I came across a previous post about a site called Homewyse for estimates on work like this. The site allows you to enter a zip code to get the best estimate for your area. I haven't used it yet so I would be curious to know how accurate it is. Would love to know if you remember to come back and tag me. Good luck! 

Hello, 

I am new to BP and have been listening to podcasts, going through forums and posts. What a great site to connect us REI's and tons of useful information that already has been put in motion. I have started working with an agent I found here as well for out of state purchases. Great communications already!

Wanted BP's advice regarding selling a property in Oakland, CA. We listed it 2 weeks ago and have not had any offers on the property. Oakland has been hot and heavy for the last couple years so we aren't sure what's happening. We are trying to decide whether we should pull it off market and put back into the rental market and hold for a couple years, see what happens with the market OR keep on market for another 1-2 weeks and sell when an offer comes in. 

Our goals: We wanted to use the funds to do buy/hold rentals and flips and become more invested in RE over the next 5 years in and out of state. We updated the property and have incurred holding costs while the property has been vacant with remodeling. 

Should we just hold and use equity to buy more properties or sell for what we can get and use the cash to finance new purchase down payments? 

Any advice would be helpful! Thank you all!