All Forum Posts by: Kit Elliott

Why not invest outside of CA?

@Kit Elliott Not trying to be funny here, but seriously, for LOT of investors I know, their investment strategy is to leave California and take their dollars elsewhere.....

@Kit Elliott, it seems like the wealthiest people, the ones who pay the taxes are leaving California and the only ones left will be the ones who rely on government assistance and public housing. I don't see how this could work, long term.

I tend to think the window to own property is getting smaller by the year. Also, I think that in the near future,  governments will give a type of rental stimulus everymonth to renters in order to pay their landlords. The alternative would be confiscation of private property and I just don't see that happen but who knows.

Kit, it is very very common to do STR's in the Bay area especially.

California is an appreciation hotspot. People who invest here wait many years before selling. 

I work primarily with multifamily properties in the San Fernando Valley. I’m not entirely sure what the Bay Area looks like, but I do know that there are thousands upon thousands of multifamily properties in the San Fernando Valley. 

Perhaps if you are looking for a long term investment that is 99% passive, look at buying a 4+ unit property! They are fantastic for those who are looking to own real estate. 

The last three years have been amazing for forced appreciation fix and flips in higher end Bay Area markets like Marin County.  Whether the numbers will still be there in the current environment remains to be seen.    

In Bay Area it's all about appreciation. What's great about that is you can FORCE appreciation. 

Or you can buy and hold and wait yearly for 6 -10% or more. Forcing by adding sq/ft to the home. 
If the home you bought was $500/sqft and you add 200 sqft at $200/sqft you profit by $300/sqft 

or $60,000 if you were to sell, potentially at $500/sqft. 

Looking forward to connecting @Kit Elliott

Hi Kit,

We have done really well with fix'n flips in the SF Bay Area. I also work with investors who look specifically for a SFH with an ADU, or MFH. There's no way to cashflow simply off of a SFH at today's prices. There is a strategy for every market.