Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
San Francisco Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

13
Posts
1
Votes
Erik Grahn
  • San Leandro CA
1
Votes |
13
Posts

Buy or wait duplex in east bay

Erik Grahn
  • San Leandro CA
Posted

I know no one can answer this with certainty but I am putting an offer on a duplex today and getting cold feet.
I was going to live in one of the units and rent the other so I could get a primary home loan. The property will cash flow once I move out and have both units rented
I really liked the property but I’m thinking I could wait a few months and buy a similar property cheaper or worst case at a similar price. I guess this cheap money could cause prices to go up once things stabilize. 

Thoughts?
Any guidance would be much appreciated!

Most Popular Reply

User Stats

2,350
Posts
2,389
Votes
Brian Garlington
  • Realtor
  • Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
2,389
Votes |
2,350
Posts
Brian Garlington
  • Realtor
  • Oakland, CA and a Real Estate Investor with Multi-Family Units and a Self Storage Facility
Replied

@Erik Grahn   In a few WEEKS when this stabilizes there will be MORE people out there trying to buy that duplex,...what do you think that will do to the price at that point?  If it's already a good enough deal it will be snapped up anyway; I have some buyer clients that have been procrastinating with that same thought recently regarding places in Oakland and are now upset that the properties are already pending even though they just went on the market last week. If it's a good enough deal, it will get snapped up now.  

Loading replies...