Multi-Family Units in East Bay

[DJ Cespedes]

Hey BP Fam,

So I live in Oakland and have been on the hunt for an owner occupied multi family unit in Oakland and San Leandro with a budget of around 750k for about a month. All my offers have been beat out. I know part of the reason is that my offers have been with FHA 3.5 percent down, but I have also been beat out by cash offers or high percentages of cash down. Also, given that I am looking for a multifamily unit, all of my options are either out of my budget, or in a less desirable area (where I have also bid and lost).

I have now started looking at Richmond, CA which is also up and coming and currently provides more options for what I can afford. The thing is I dont know Richmond well and not sure what areas I should consider/not consider.

That said, any advice that anyone can share with me regarding where to look to buy in the east bay where I can get a good return on my investment in terms of appreciation and positive cashflow? Thanks!

DJ