All Forum Posts by: Jonathan Pflueger

@Shane Pearlman

Shane, 

I will definitely sign up for the meetup, thanks for mentioning it. I have noticed exactly what you mentioned regarding rents and vacancy. When my fiancé and I were looking for a place to rent here in Scotts Valley (had a baby on the way and didn't want to buy and have a baby at the same time) we were amazed at how little there was on the market. We ended up getting a really nice place, but that was only because we knew the property manager. Every house we looked at had 4-5 families applying for it as well and some of them were ready to write deposit checks on the spot. 

I do love it here and I strongly believe that if I can figure out how to make it work, the rewards will be just as good. 

@Emily Allred

There is always the chance the sellers will give back your $1,000 in earnest money. If you do decide to walk, write the seller a letter describing your situation and ask if they will refund your money. Worst case scenario they say no and you are still out what you already anticipated. 

When I was looking for my first primary residence I was in a similar situation and the seller refunded my deposit after I wrote them a letter. 

Best of luck Emily. 

Good Day All, 

I am relatively new to Real Estate investing and was wondering what sort of strategies people were using to invest in the Bay Area - specifically Scotts Vally, Santa Cruz ares. I am interested in all sorts of strategies like buy and hold, BRRRR, flip and so forth, but mainly I would like to buy and hold.

I have been reading and listening to as many podcasts as possible on BP but I have yet to find anything that really relates to the Bay Area. It seems like smart investors in states like Georgia, Tennessee, Montana and such, are able to acquire properties, do some rehab, and almost immediately start to cash flow... Is this possible in the Bay Area or am I way out of my league?

I may just be new to this but the real estate game in the Bay Area just seems super unique and hard to get into. I have been researching going out of state to invest but I have grown up in the Bay Area (Santa Cruz about) and I would really like to stay local. 

So if anyone has a working strategy or just any tips I would really appreciate it. 

Jonathan

P.s. The Bay Area is beautiful but expensive as all get out!!!