All Forum Posts by: Yvonne Troya

Hi all,

I am new to bp. I am looking to invest in  2-4 unit soon and house hack in the Bay Area.  What do you think about West Oakland vs Vallejo vs SF? I can see good opportunity in Oakland (looking specifically at opps in West Oakland and Maxwell Park) but am worried about rent control. The properties I am looking at will cash flow a teeny bit, enough to cover mortgage, interest, insurance, and 20-30% for repairs and vacancy. Is 20-30% enough to budget for repairs and vacancy, if the buildings are in great condition? If 20% is enough, my next concern is how to sell the property in the future. I see multi unit sitting on the market that are hard to sell because they're occupied, and the mortgage price is too high for any cash flow.

Given these obstacles, is it better to buy in Vallejo now, where there is no rent control currently (although that can always change)? I would buy close to the ferry, and only pick a building that is cash flowing at least enough to cover expenses.

Oh, and I might have found a 'deal" in San Francisco, but it's a single-family home which would require me to Airbnb out two rooms continually to help with mortgage. That seems stressful, but the property is likely to appreciate well...

I will probably be putting 10% down in any of these opportunities, since I don't get cash flow on the multi units if I put down less than 10%.

What are your thoughts? Please let me know if I'm off the mark! Thank you.

Hi all! I am a newbie and trying to learn quickly. I am itching to buy my first property ever and I am looking to buy multifamily and live there for a year. Should I jump on this now, before the changes go into effect so I can take advantage before other investors seize this opportunity starting then? I am in the Bay Area. Thanks!