Multi family realtor in bay area?

[Nicole Chang]

looking for a reco for a great realtor that specializes in multi family in the bay area. 

[Arlen Chou]

@Nicole Chang I have units in North Oakland and the Fruitvale areas. 

Making cash flow and appreciation in Oakland is 100% possible. @Account Closed is definitely blowing things up in his niche.  Making money in the Bay Area is about focus and creativity.  A deal to one person might not be a deal to another, especially in this market.  You can even find 1% deals, if you look hard enough.  They might not be 1% at purchase but with a good plan you can get them there in a short time.  @Ori Skloot had a great post about a 2% deal he did in Richmond.

The main issue is that this is not an easy place to invest, but it can be done. It is not as easy as finding an agent, buying a place and making cash flow like some OOS markets. There has to be some serious analysis at every point to make reasonable cash flow and target appreciation. But if you can come up with a game plan and execute, you will be see very good ROI.

My property in Fruitvale is probably a good example for you. It is a 6 plex within walking distance of BART. Purchase price was South of $690k and my rent is north of $6k. It is not exactly 1%, it is .9%. In this specific case, the property was 100% financed through a HELOC. It was purchased in 2016 and I have already refinanced out and put my money back in my HELOC. My ROI is infinite... My CAP ex to date has been less then a few hundred dollars.

All of my tenants are still original.  Once I get some turnover, the increase in value and cash flow will be tremendous.  I have not made any efforts as to cash for keys or serious improvements because I am a small operator that does his own work. I just don't have the time to push this property while I am working on others, but I am happy with the flow and appreciation as is... for now.

Good luck to you!