All Forum Posts by: Michael Morrongiello

Gina 

The SF Bay are market is OVER Heated right now and in my observation / opinion ripe for a correction just over the Horizon.  VC funding has slowed to a trickle, Many internet stocks are plumeting in value (Look at Linkedin, Yelp, FitBit, Twitter, Groupon, etc.)  and does not bode welll for the Tech Industry which is a MAJOR driver of values in the SF Bay area. You've bought your current TWO units and have rode the appreciation wave up to where you have  NOW ($500K) a nice equity gain, etc.) ....however IF this market corrects and depending on how severe the downturn is some of that equity will evaporate.  

You can clearly RENT out both units and based upon CURRENT rents make a little cash flow but if the market turns your rents may abate along with your equity.  

Another option is to SELL now before the market corrects in a MAJOR wave. If you have lived in the unit for 2 out of the five years (and married even better) you may have the ability to avoid a large taxable gain on the sale - thus getting LIQUID and ready to bargain hunt WHEN not IF the Downturn happens.  The Big question in my mind is will this be another big "R" as in Recession or a Big "D" 

Essentially by becoming liquid, renting for a while, being patient and buying on the Market DIP you are able to again RIDE the wave up when the market rebounds which it will in the SF Bay area again in the next UP cycle. 

Michael Morrongiello

Program Director for BAWB - the Bay Area Wealth Builders Association

Long time investor in Real Estate properties and Real Estate secured "paper" buying for our own portfolio. Will purchase Mortgages, Trust Deeds, and Contracts in any state including Lender Originated and Seller Financed loans.

Bill

Let me know what you find out.... that would be great 

Warmly,

Michael Morrongiello

Vacant Properties Software Programs ?

There is a software program; Find Motivated Sellers Now offered by Kent Clothier & Chris Richter and his group and now what appears to be a competing product from Cameron Dunlap called; Vacant House Data Feed.

Anyone have an experiences with either of these software programs and how have those experiences been?

* Ease of use

* Interface

* Ability to customize your own letters / postcards, etc. 

* Returned or undelivered mail?

Thanks for the Feedback from the BP community! 

Michael M.