Investor · Aptos, CA · Member since 2015 · 87 posts · 38 votes
9y
Hi Frank
Still wrapping up the final paperwork..but the numbers look amazing. Certainly far better cash flow than my area of Santa Cruz is! 130k per 4plex ..2600/mo rent with new roofs. Works for me :)
Investor · Aptos, CA · Member since 2015 · 87 posts · 38 votes
9y
Hi Frank
Still wrapping up the final paperwork..but the numbers look amazing. Certainly far better cash flow than my area of Santa Cruz is! 130k per 4plex ..2600/mo rent with new roofs. Works for me :)
Investor · Aptos, CA · Member since 2015 · 87 posts · 38 votes
9y
@Franklin Romine Your not wrong.. I guess you'd call it a C area..but theyre under management and things are ok so far. @Brad Cogswell Off market from a large property owner/builder.
Investor · San Francisco, CA · Member since 2016 · 77 posts · 41 votes
9y
Yeah no shame in getting that type of cash flow in a C area. I've been digging into the central valley as well. One of the things I'm coming up again is the insane amount of competition for deals. Given that, do you have any insight @Brian C. into why the large property owner/builder would go off market for those properties as oppose to list on the MLS when right now they can seemingly get multiple bids/full value?
Investor · Aptos, CA · Member since 2015 · 87 posts · 38 votes
9y
@Brad Cogswell Ive been wondering that myself! I'll ask when I next speak with the seller. I do know theyre starting to build a new project and raising capital for that.