Searching for multifamily in bay area/northern California

[Rizalene Acosta]

Hello!

Newbie here, just getting in on all the action! The husband and I are seeking out our first 2-4 unit that we will be occupying. We are currently in San Jose but have lived in Vallejo and San Francisco and I work in Oakland. I've been reading up on the blogs, reading some amazing books, and listening to relevant podcasts but realized I should reach out to get some valuable input from you fine folks! 

We are trying to narrow down the location since we are trying to stay under 500k and know this will be a challenge. We aren't afraid to put a lot of elbow grease into the property, I'd say we're beginner/intermediate in that department (but dedicated to the cause!) but no major overhauls (don't want to get divorced jk). I love Vallejo's location and my husband is from there but it can be seedy. West Oakland and Piedmont would be ideal if we could find something within our price point. We are also considering cities like Livermore but already seems on the up and up. Would also be interested in your opinions about small sleepy towns like Crockett, Suisun City, and Martinez for multifamilies. Looking to be within a 1.5 hour drive from Oakland for work. I know we're kind of all over the place but if you have any suggestions I would love to hear it and thank you so much for reading! 

[Arlen Chou]

@Rizalene Acosta  welcome to BP, you have found a great resource.  A few months ago I was in the same boat you are in now.  I had just joined BP and I was looking at cities from San Jose all the way up to Richmond.  After talking to @j.martin, and visiting Oakland I zeroed in on that city.  Within in a few a few weeks I had found a great deal that I am very happy about.  Below is a link to my deal.

http://www.biggerpockets.com/forums/223/topics/161...

Just this past weekend I found a triplex that is very close to the 1% rule in the South Bay.  The point is that there are deals in the BA that are attractive.  You just have to turn over a ton of rocks to find the gem!

Good hunting to you and your husband, make sure to post up when you find your deal!

-Arlen