All Forum Posts by: Osazee Edebiri

 Thanks @Ryan Thomson!

Hey @Jason

@Jason Yang I house hack here in the Bay and have worked with many house hackers. Shoot me a DM and I would love to connect with you to help you out. 

@Neil Ginty Could you potential assist?

 Great question. Keep in mind you didn't list any cites in the Bay Area in your list. Out of your list I like Rocklin/Roseville the best. Very stable cites out side of Sacramento with tremendous growth. Aside from that one of the main benefits of investing in the Bay Area is that we are land locked. So if you are able to purchase something inside or close, appreciation over time would be great. I like Morgan Hill because it is still in the Bay Area and really benefits from being right next to San Jose, major flow of growth there if you look at the last 10 years and new home construction.  You can also focus on cites in the East Bay on the other side of Oakland.  The cities I mentioned will do better in rent than the other ones on your list and all things equal will appreciate better. Rocklin and Roseville will be great for MTR. 

 Hey Matt,

It's wise to want to ensure that the work done by your general contractor is of high quality, complete, and meets the necessary code requirements. There are several steps you can take to cross-check their work to ensure that you are getting the best possible outcome for your investment.

Firstly, it's essential to do your due diligence in selecting a reputable and experienced general contractor who has a proven track record of delivering high-quality work. You can check their references, read online reviews, and ask to see examples of their past work to get an idea of their capabilities.

Secondly, you can request a copy of their license and insurance documents to verify that they are qualified and insured to perform the work they are contracted for.

Thirdly, it's essential to review the scope of work in detail and have clear communication with your contractor throughout the project to ensure that they are delivering what was agreed upon.

Lastly, you can consider hiring a construction consultant or inspector to review the work at various stages of the project. These professionals can provide expert opinions and identify any issues or concerns that need to be addressed. You can find construction consultants or inspectors through a quick online search, and it's recommended to read reviews and ask for references before hiring one.

Ultimately, taking these steps to cross-check your contractor's work can give you peace of mind and help ensure that your investment is well-spent.

 I live here in San Jose.  You mention days over 90, but there are some days over 100. I would say your units are not ground floor units with other units on top of them, tenants will want some kind of cooling. It sounds like you are the one paying electric, since you mentioned how expensive it is. If your units don't have any cooling method, your tenants will look for a method which will still run your bill up.

At a minimum I would install ceiling fans which are not that expensive.

Do you have vents for central heat? If so installing a/c should be too bad, if the duct work has to be done that would likely cost quite a bit.

If the vents exist I would look into installing the a/c unit. You will attract better quality tenants, who will pay more. You will also increase the value of your property. And if this property is a business, this would be a tax write off for you as well.

Hope this helps, let us know how it goes.

Looks like a smash deal. Good Work.

 Hey Sho,

Thanks for posting, its a great question. As relator and investor that operates in these areas I would say that the criteria of finding a four unit in in a 6+ school area in any of the cities you mentioned at 1.5m or under is non-existent. Also, keep in mind at least one of the units needs to be vacant for you to Owner Occupy.

We that being said you can definitely get a duplex but it would take some work and skill to find what you want. 

Reach out if you want to chat more about how to get a House Hack that would work based on most of your criteria.

 The west isn't dead! Haha

@Jordyn Lai Hello!

It's great to hear that you're looking to invest in real estate and are doing your research before making any decisions. It's true that the Las Vegas and Phoenix markets have seen a surge in housing prices in recent years, which has made it difficult for some investors to find properties that will cash flow. However, that doesn't mean it's impossible to find good investment opportunities in these areas.

One thing to keep in mind is that rental rates can vary greatly depending on the neighborhood and the type of property. Some areas may have higher demand for rentals than others, which could allow you to charge higher rents and achieve better cash flow. Additionally, if you're willing to put in some work to find properties that are undervalued or need some repairs, you may be able to acquire them at a lower price and increase your potential returns.

That being said, long-distance investing can also be a viable option. With advances in technology and the ability to work with local property managers, it's easier than ever to invest in properties that are located far away from where you live. However, it's important to thoroughly research the area and the property management company you plan to work with to ensure that they have a good track record and can provide the level of service you require.

Ultimately, the decision on whether to invest locally or long-distance will depend on your personal preferences, risk tolerance, and investment goals. It may be worth considering both options and weighing the pros and cons before making a decision.

If you're not House Hacking, start with a house hack, best with cost to entry and scaling.

As a landlord in Oakland, I am subject to hearing numerous people on BP talk about how the laws here suck, don’t get me wrong they do. 

But I have been on the planet long enough to learn no two sides of the coin are perfect, and everything you do requires some work at it it to achieve an improved state.

This landlords story sounds and is terrible, but if I owned this duplex ten years ago, this tenant would have been evicted, legally. The rules were even easier then, so it’s clear there is something on the landlords part that he didn’t work at, in order to be successful.

David Greene always says real estate is very forgiving, so mistakes are made, but I see 20 years of ownership as a long enough time to gain an education.