All Forum Posts by: Amit M.

Hard to say exactly. 

1- How are other commercial properties WRT price reductions, etc. are closing in SF recently?
2- if it’s vacant, that is a bigger problem now than 3 months ago. 
3- ultimately it depends on how desperate sellers are, and how much of a “deal” the buyer demands. The two shall, or shall not meet. You just have to go through the negotiation process and find out. 

Keep us posted :)

I think the recent work from home hysteria is a fallacy. Conceptually, working from home has NOTHING to due with covid 19. If it’s so awesome, why wasn’t it adapted en mass years ago? Yahoo a couple years back even rolled back WFH. It’s a trend that will have some effect yes, but it’s being way over hyped. For two main reasons: 1- I’m not sure it will really provide long term benefits to the tech firms jumping on the bandwagon now 2- I’m not sure how many employees will ultimately like it, after the forced-Covid-novelty wears off. i.e. it’s hard to get all those cool tech co benefits like free gourmet food, gyms, awesome office spaces, etc., etc. piped over a zoom meeting ;)

As for WFH effect on the Bay Area, keep in mind that when people work from home, their direct environment becomes MORE, not less important. Would you rather be home based in the Bay Area with tons of things to do nearby, good weather, lots of nature, etc. or someplace with little culture, extreme temperatures, bland immediate environment, etc., etc. There is a reason many people, who can afford to do so, aspire to live in CA and especially the Bay Area. Working from home isn’t going to radically change those aspirations.

roofstock
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This is prime blue chip real estate. You should keep it! Long term it will = gold for you. (It may be counterintuitive for some folks...but this is why there are so many multimillionaires in the Bay Area :)

For now, rent it out as furnished rental mid term to one year. Then decide if you want to go back to short term, or just continue as long term rental, depends on market demand. 

Oh, and get rid of that 7 year arm nonsense. Lock in a 30 year fixed rate so you are not subject to future interest rate fluctuations. 

Ask yourself this: how many people do you know who sold prime Bay Area real estate 10-15 years ago (who could have worked to keep it) and think that was a good idea today?  Crickets 🦗 🦗🦗. 

turnkey

rip

off

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smuggling 

is 

happening 
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@Brian Singh 1- you can’t base your opinion on one silly poll, taken during the height of a pandemic

2-  these “X high percent of people want to leave the bay area” have existed since the early 90’s, and apparently have not exactly been prescient

@Jay Hinrichs ha ha, I think the “bad words” editor only engages the comments, not the heading. That’s bull ****!

As for Fundrise, I think it’s for chumps 🤬

@Brendan O. please elaborate on how you're generating $20k of monthly income with SFH's.

hold

more

wealth

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