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Updated over 9 years ago,
New member in San Francisco Area (east bay) but interested in Sacramento
Hi All! I'm very happy to have found BP. Really looking forward to learning from others experiences.
I have a 4 unit building in Alameda with great tenants. I want to add in a few more buildings but can't afford the SF Bay area right now. Sacramento is not too far away and the prices are much better. I'd love to talk to others that own properties in either area (East Bay or Sac).
I'd really like to talk to members who are knowledgeable about getting loans for borrowers with unusual situations. More specifically little income but lots of assets.
I'd be happy to help with questions about what buying in this area is like right now. Rents are crazy high. I have a tenant moving out this month and will be able to get between $300 to $500 more per month. Because the rents are so high, the cost of multi family properties has also risen a lot.
Can't wait to jump in and learn as much as possible!
Debra