All Forum Posts by: Nick James

Thanks for the info @Atish Shah. I agree with others here, finding a multiunit property that meets the 1% rule here in the bay is damn near impossible, however, it can be done. I cannot speak for all cities in the bay, but as you said, others have done it in Oakland. I just got through driving by a triplex yesterday that was acquired for $375k, the owner put in $175k for rehab, and the rents sit right around 2k per unit. Just as an example, I have linked the exact property.

Here is the before https://www.redfin.com/CA/Oakland/2518-Seminary-Av...

Here is the after https://www.zillow.com/homedetails/2518-Seminary-A...

Are you ok with a building that needs a lot of rehab? I live in East Oakland but would be down to help you divide it up Oakland to get it on the list. Just message me.

@Nate B.

I'll totally be there this time! @Nathan Belete, if you have time, you should come.