All Forum Posts by: Matt K.

If your open to the east bay and open to a house hack there's definitely still opportunities out there....

Rates are high, but with long enough horizon I feel they'd come back down at some point.

Realtyjuggler 

not free, but pretty inexpensive and should do what you're looking at and more..

You need a ton more detail to help even give you rough numbers...

Since you're in Alameda, that house could be 100+ years old or from the 80s lol...price point for the those would be way different.

I can help out, I'm nearby (a town over) very familiar with the area.

Also an investor so, understand it from that side as well.

work with someone who has a strong relationship with your realtor or whoever you're buying with...

this helps minimize the issues that pop up as the two parties are more likely to be able to work it out and not have things fall apart.

 Where's the property, I might have some refferals.

I have a insurance broker refferal if you need it, but like mentioned above if it's a normal loan you'll be fine.

He can help adjust policy to a level that provides adequate coverage...

The only thing I'm suggesting is you fully understand the benefit you have of selling your home now and why you have the opportunity for the tax savings. There's no timeline on when you have to deploy or how you deploy the profits after that, that's the beauty of your current situation. 

That opportunity has an expiration on it though and with that, it's a different equation to solve... 1031s aren't that fun, they take a LOT of work and a bit of luck. They can be super stressful and the hardest part is that most likely if you're getting top dollar for your property then you're paying a good bit for the next one. If you found a good deal below market, then you have to convince the seller to gamble with you so that you can sell your current property in order to complete the transaction, sellers don't like that and you lose your advantage. 

All of the examples I gave you should be treated as nothing more or less than a proof of concept that what I've said exists can be found to some degree w/ 20 seconds of searching on any real estate site of your choice. 

There are plenty of paths to making wealth, but again I stress that this is all pointless unless you get specific. The numbers tell a good part of the story, evaluate them and then use them to guide you in your next steps.... 

If you speak in generalities, the same things that will drive appreciation in Brentwood are similar enough that they'd drive appreciation in Antioch. Basically, they are the last affordable places left in the Bay Area..... more people are going to "have" to live there than "want" to live there because they are priced out of "better" places that are in greater demand (based off prices in those areas). Secondly, most of the time a primary residence doesn't always make the best rental. What I mean by that is there's probably something, somewhere that will check all your boxes and outperform your current property that you personally would never live in, but someone else would as a tenant. But without knowing what those boxes are, it's impossible to make a serious suggestion.

If you did a deep dive and provided specifics of where you're at now numbers-wise, where you want to be, and what your goal/timeline is then someone could give you a more in-depth opinion on a possible path there.

The beauty of the real estate is the leverage, you have a good chunk of capital stuck in a single property... with limited at best options to take it out, so at that point maybe this isn't the "best" property for your goals and it could be deployed into something more "sound".

You're not factoring in the tax savings opportunity you have now, you lose that in the not so distant future unless you were to do a 1031.

There's a duplex in Antioch now that makes 38xx mo in rent at 600...

150k down, @6% puts you around 3400 mo and there's room for improvements on it.

also another duplex listed at 400k but no rents listed... Room for improvements as well 

I imagine both these have better rent opportunity then current house but probably slightly softer appreciation because of the location (but not that far off if you feel good about bay area).

These are what's out there now... I find it difficult to believe there won't be more or better opportunities in the future.  Plus you can likely refi down if rates go down, which again I find hard to believe they won't as it'd be easy way to pump values up if they drop.