All Forum Posts by: Rob Hoffman

@Eddie L. As a resident and also a Realtor here in Oakland I can tell you that cash flow is definitely possible. One concern you may have here is the strict rent control regulations, not as bad with sfh from what I understand. 

We do have atleast one REO available at this time. PM me for details if interested.

Welcome. I'm also looking to get into buy and hold investing and spent the last week visiting a couple Midwest markets. Good luck!

I just came back from visiting Midsouth last week. I was impressed by the staff and the product. I only talked with Terry briefly but I can say that he seems to be a straight forward stand up guy. Im looking forward to doing business with Midsouth. 

Hey Nick, 

I just came across this post and I'm interested to know what ever happened?

I agree with the others who say Do Not Sign! I've bought two houses in Oakland in the last couple years. Neither agent had me sign any kind of agreement with them. Your agent should be forced to provide their time and knowledge, not just get a cut from any property you buy.

@Chris Dawson @Eric P.

Great work! Thanks a lot.

check out turnkey-reviews.com

@Raquel pea @J. Martin 

I first have to say thank you for all the information being delivered here in this post! I've been following and lurking and finally decided to speak up.

I just finished my real estate sales classes and sent in my application! I used careerwebschool.com. Pretty straight forward and simple.

I was thinking about wholesaling but I don't really think it's for me. Guess you never know unless you try. My focus as an investor right now is on out of state buy and holds.

I bought a house on 106th 2 years ago and sold it a year later for +40k without putting a dime into improvements. I purchased another house on 96th last year. For under 270k. I try to stay on top of new houses on the market and sales. I still attend open houses pretty regularly and it looks like I could probably sell my home for +50k without improvements.

With everything that is going on in West Oakland and Uptown, what kind of affect do you think it will it have, if any, in east oakland? Deep east oakland I might add. 

Also, this 59 unit affordable housing complex is just underway about 4 blocks from my home. How will this affect sales and rental prices in the neighborhood? 

http://www.bizjournals.com/sanfrancisco/blog/real-...

If you guys could take a second to let me know what ypu think I'd appreciate it. 

Thanks in advance,

Rob

Hey Tom,

Just a thought- you have to consider the difference in type of tenant you will be renting to based on whether you keep it a duplex or convert to SFH. Maybe in this properties location it's not such an issue but I know that in a lot of places it can be. Including a lot of the midwest.

Welcome Blake,

I am a newbie investor also. One advantage you have is the opportunity to invest locally and I would suggest that you use that advantage. I would say that you could get in with a 15-20k cash starting point depending on the property class, location, and strategy of your investing, as long as you are financing. Just my newbie opinion. Good luck!