All Forum Posts by: Account Closed

@Brian Singh I am sure there were several similar statistics after dot com bust and '08 recession. Several posters have talked about the resiliency of the Bay Area. 

In your first post you mentioned you hold no solid stance one way or another. Yet post after post you are clearly convinced that the Bay Area is gong to crash. My best friend, a flipper is making $100K+ profit per house in this market. You don't have to wait for a crash to get in, or perhaps you are likely going to wait forever. 

Our tenants have paid on time. I was talking to my property management co in Santa Clara who manage 90+ properties, they said except for 1 rest have paid. 

Also I was listening online that April nos were really skewed as April 5th was a Sunday & a lot of renters paid on on April 6th. However the agency who reports nos reported based on rents paid as of April 5th and this was completely blown out of proportion by the media. Some renter were late and by the end of April a large portion of the renters paid rent. 

We are in the process of converting our Airbnb to long term rental in Santa Clara. Once Airbnb picks in a year or so we will convert it back to Airbnb. 

Perhaps move your furniture to storage till then?

If you exit this property you will never be able to buy it at this price again. This house is paying for itself! Fremont is an excellent area and schools are so desirable. Long term you will be glad you didn't sell.

Look into ways to divide this home into 2 if possible and rent to 2 families to increase your Revenue. My friend did it in E.Palo Alto and she was able to get $6K instead of $4K. 

Yes, I was able to rent it for $2150 with utilities+internet. Surprisingly I got around 2 people interested to move forward in about a week

COVID has shown that technology 'IS' the future. I believe well established tech co's like FB, Google will see massive growth post COVID. Tech co's will absolutely have to widen their offices beyond Bay Area to support this growth.

New co's will emerge, just like the Ubers, Airbnb's, Pinterest, Slack, Zoom of the last decade or so.

These co's hire top talent, create environments for them to thrive with  large campuses and amenities. Employees are truly passionate, technology is their life and and they enjoy working long hours. Very hard to bring in this kind of passion and enthusiasm over a zoom call.

So yes, I believe a lot of the back office operations kind of repetitive jobs will move out but a lot a new creative/engineering roles with fresh talent will be created as well. 

@Chad Hale Other 1 bedroom 1 bath are typically around $2200+ but they are closer to 600 sq feet. Mine is 400 sq feet (internal carpet area)

@Hunter Vigneault 

@Brian Larson 

yes good idea.. thank you!

I just posted my listing for a 1 bedroom 1 bath apartment today (its a granny unit/ADU) and got 4 inquiries already and 2 showings this week.

Its in South Bay close to San Jose area.

I am wondering if my rental is priced too low? at $2000 

@Nitin Goel as suggested above, it would be better to refinance these properties into a 30 or 15 year loan. I am curious why do you want to pay them off if interest rate is so low?

I agree you are well invested in Real Estate, I believe you would be better off investing in the stock market. You can take advantage of the recent volatility. I buy VTSAX on & off whenever I see dips in the market. 

Your money would grow well over the next few decades in the stock market. 

Are you able to share what is your understanding of vertical and horizontal distances from power-lines and easements?

I believe one has their entire life to do a job/business or pursue passions. College education teaches you a lot of life lessons during your formative years.