Trying to 1031 an Oakland CA property for greater cash flow

[Terri Sarappo]

Hello BP peeps,

I bought a foreclosure in Oakland CA in 2012 for $250 all in, I have a stable tennant and positive cash flow of $800 mo. I also have equity of about 400 in the house. I want to increase cash flows to 3000 a month on 650k property. What markets are best for cash flow and appreciation ( I know big ask). for personal reasons I am attracted to Sacramento CA, Phlly and Pittsburgh. Anyway have experience with this? Ideally I would like a multi family property but open to buying a few SFH. thanks for your help.

Newbie in CA

[Jason Hsiao]

Hey @Terri Sarappo, I like Pittsburgh quite a bit. Haven't invested out there yet but the tech scene is growing super fast thanks to Carnegie Mellon and other schools in the area that lead to a lot of hiring and job creation, I think it's a good area for both appreciation and cash flow. Sacramento would be good, too. Slightly less nature upside catalyst other just people and capital getting pushed out of Bay Area. If there's anything I can help with either exchanging the property or locating new ones please let me know.