SF bay area investor, patient, looks for special situations

[Steve ONeal]

Hello, I wanted to introduce myself as this site suggests.  I've been in and out of real estate since the 1990s when I worked in Boston before moving to San Francisco.  I try to find projects where I can unlock value as opposed to wait for appreciation.  I don't mind a little complexity or getting my hands dirty as I've been a contractor as well.  All my experience is with residential 1 to 7 units.  I have done 1031 exchanges. I've always sold after improving properties, but now am coming to the conclusion that maybe it makes sense to hold as well for income to help qualify for other purchases.  Looking forward to learning from and contributing to this site.  Thank you.  Steve

[Sean Walton]

Welcome Steve,

    I like the idea of holding on to properties for cash flow. Also if you are doing the GC work it makes sense to hold on to it at least 10 years to get past the latent defect warranty period.

-Sean