All Forum Posts by: Nicole Chang

@Kell Caro yeah I agree with you, walking the neighborhoods are the best way to get a feel for what’s on the upturn. Feel free to DM me your local suggestions if you are comfortable. I grew up in Alameda so know some areas of Oakland pretty well but others not as much. It’s definitely changing now with all the new development downtown.

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Originally posted by @Account Closed:

Originally posted by @Matt K.:

Originally posted by @Account Closed:

Originally posted by @Antoine Martel:

Originally posted by @Account Closed:

@Antoine Martel Nothing is imposssible my friend. I see your goal is $10K/month passive. You can achieve this in Oakland with 20 units, and get the appreciation as well.

And how much would a 20 unit apartment building go for in Oakland? $5M? So then I would have to put $1.25M down for just 10k a month?

Far less, but even if that was the case, you wouldn't be ok with 10% COC and 30% yearly appreciation over the last 5 years?

Absolutely not

(Because I'm about 1.25 mil short of the 1.25 down)

Aren’t we all? I started with a $350K 4plex in 2014. $12k down, and just then just kept buying good properties. People act like the barrier to entry in the Bay Area is monumental. It just takes a little creativity.

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what neighborhoods are you targeting?

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Originally posted by @Kell Caro:

@Nicole Chang

It’s easy to feel left out with all this OOS hype, but it sounds like you’ve already got an idea of what you’d like to pursue here in the Bay Area, I wouldn‘t get distracted.

I house hack in Oakland in a decent neighborhood that breaks even while I’m there and cashflows well when I move into the next one.

You can get primary residence financing, cashflow, appreciation, and not to mention OOS can’t touch the principle pay down you get here in the bay.

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@kell caro @saj shah i have mainly been keeping my search to west oakland, north oakland, fruitvale or chinatown. There are a few options but i do not want to be in a neighborhood that is not on the upturn. I know oakland is changing, but some areas more than others, sometimes block by block. My main concern is how to truly spot a deal. I know the bay area fairly well as i grew up there but less confident about the financials side since I'm new to multi unit investing.

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@Antoine Martel any suggestions on areas to look at first?

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@Chris Mason thank you!

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@Antoine Martel I’ve thought about out of state but it seems complicated especially if I don’t know the area and can’t look at a property myself or manage it in person

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looking for a reco for a great realtor that specializes in multi family in the bay area.

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thank you all! Extremely helpful advice.

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All Forum Posts by: Nicole Chang

Nicole Chang has started 8 posts and replied 24 times.

Post: Multi family realtor in bay area?

Post: Multi family realtor in bay area?

Post: Multi family realtor in bay area?

Post: Multi family realtor in bay area?

Post: Multi family realtor in bay area?

Post: Multi family realtor in bay area?

Post: Multi family realtor in bay area?

Post: Multi family realtor in bay area?

Post: Multi family realtor in bay area?

Post: Using HELOC as down payment on investment property