All Forum Posts by: Keeya WangJones

Andrew Syrios and Amit M. Sorry forgot to attach names. Bigger Pockets should add auto hints that recognize the names so your not dependent on the "@". What I do for a living is seeping through! Thanks for the replies you guys!

Amit, these are all good points. I worry about what is happening up north because the rent is certainly extreme even in good neighborhoods. Rent in Oakland out of all cities match parts of SF. She was pushed into Oakland because Walnut Creek rent skyrocket! I am moving my mother-in-law down to SD in the next year because of the extreme rent. It will be interesting to see the outcome of the rental state of mind up north will be in a few years. Currently, Oakland, Berkeley crime has risen because of gentrification. Neighborhoods are suffering. People are angry. Rent raging from $2,500-7000 in Oakland! Tech money is changing a lot of things up there and I'm pretty positive it will also happen in SoCal. I'm an example of tech making six figures, I can see the change. But I can't fathom the idea that majority of my pay will go into housing that I don't own so it is also why I decided to start real estate investing buy and hold. It is no longer fancy to be in six figures. Lol! When tech money is not enough to live happy on then something is not right in our economy lol!!! But as the good point made, rentals are temporarily and situations change. I definitely need to drive around these areas and see the physical conditions. Then crunch the numbers. San Diego is very nice so what may seem awful may not be since it's nothing like West Oakland, rural areas of Philly or East LA. This is why the market is so competitive. Do you have a go to site that you look for properties for investments? I started an account with Loopnet.com to alert me when something comes up that matches my numbers. Have you done any wholesaling? I am researching how this works and lol I'm just going to have to start a new post dedicated to that convo. Cheers, Keeya

Yes I agree Andrew regarding to draw the line on revitalization on distressed areas. Kicking out the poor also kicks out culture. Double edge sword because crime rate is also kicked out/lower to protect the rich hipsters. It is true I am solely looking at cash flow, equity, and what will the ROI look like in 5 years, 10 years, 15 years. Can my spouse and I achieve our financial goals with some house hacking? I also need to like where we live because we could be living in the property for a number of years. Thanks for replying to my posts. If you have any other ideas or caution warnings I would love to hear. We are working on looking for our first multiunit home. Cheers, Keeya

What are people thoughts about buy and hold during controversial neighborhoods regarding gentrification? In San Diego, I see and research some areas that agents are marketing as up and coming, gentrification, get it now, etc. 

As I learned on BP, I don't want to buy a property hoping that the value will increase drastically because the neighborhood will get better over time. I learn to crunch the numbers for today and next 5 years, 10 years, 15, etc. Folloe the 2% rule which I love! 

Some neighborhoods in San Diego did get popular and are still growing in popularity such as North Park. 

But there are spots that are supposedly following the same track record. 

Has anyone bought a property that might be getting gentrified? 

Does anyone have any morality feelings about gentrification that interfere with an ideal purchase? Kick out the poor ... 

What are the tale tell signs that it could take decades before a neighborhood can catch up to B status if it is originally C status? 

Since, I want to live in a Quadplex or Triplex, safety and well being first is a concern. So the market is tough for A/B area. 

So I started looking at B/C areas for better opportunity. Like the edge of a B area. 

Advice and storytelling is definitely wanted. :) 

Cheers,

Keeya

Hi,

I'm brand spanking new to BP and looking forward to learn a lot about House Hacking! I just submitted a post to the starting out forums! I'm ready to get smarter about this new venture with hopefully not falling into the 20 Deadly Mistakes! Podcast 20. 

I have a full time job that I love as a product design engineer. 

I'm excited and just posted my first discussion on Starting Out. 

Looking for advice on searching the MLS for some deals in multifamily. I have lots of questions about house hacking, scouting neighborhoods.

I wish I can actually delete my first post and start again. But maybe someone will read it as another intro.

Cheers,

Keeya

Richard, totally sorry I high jacked your introduction. I got a bit lost on the forum. I thought this was an introduction to all San Diegans. 

Hi,

I'm brand spanking new to BP and looking forward to learn a lot about House Hacking! I just submitted a post to the starting out forums! I'm ready to get smarter about this new venture with hopefully not falling into the 20 Deadly Mistakes! Podcast 20. 

Cheers,

Keeya

Hi,

I am thrilled to be here. I have a full time job that I love as a product design engineer and I want to fulfill my other dreams which is owning my first Multifamily home. I want to learn more about House Hacking. Loan tips, self-property management, and how to get started. I have an agent and we are looking for the right opportunity that meets our expected numbers from ROI, Cash Flows, Cap Rate, 2% rule, etc. I learned what I know so far from Brandon Turner's Rental Property investments and BP podcasts and Property Investments for beginners.

My coworkers are investors and brokers. We are all engineers in one way or another. Huge real estate inspiration!

Now, I'm ready to start! 

I'm all about buy and hold. Next 5-10 years, I want to own 2 properties. Quadplex, Triplex, Duplex. I have concrete goals but I live in a very very tough market. Behold San Diego, California. 

I'm not sure how to get MLS to search for properties. Zillow and Trulia are limited. I have alerts on Loopnet.com and my agent. I would like to know if there are anymore resources. I crunch numbers on deals before I view it to see if it meets my goals financially for 10 years, 15 years, 30 years. Equity and cash flow but most importantly tentants pay mortgage while I take my hardworking tech money and put it towards my spouse and I future is my top goal. If the numbers work out then I can care about viewing the property and hopefully it is a neighborhood that I want to live in.

So how does one get started? Is there a meetup for BP San Diego?

Cheers,

Keeya