RE investment properties in Bay Area, CA

[Pete Tam]

Hey guys,

I have been looking Bay Area, CA RE market and its going up so crazily that I cannot think of investing. I am looking for my first investment property but looking at the house/condo/townhouse prices, calculation doesn't make sense at all.

Any of you are still investing, how are you finding deals! I would like to hear from you if you don't mind sharing.

Thanks in advance.

[Arthur Garcia]

@Pete Tam - I'm not sure what your goals and objectives are, but I can tell you that you will not likely find any type of cash flowing rental property near you (bar area).

I was in a similar position as you when I first started buying rentals. I couldn't find any rentals that penciled in the market I lived in (Los Angeles). I had to move my search over toward central part of California. After a few months of studying the various markets I was able to cut my teeth on a few deals and finally after several years, we have made strong connections with contractors, property mangment, realtors, and most importantly learning the sub-markets.

So, all that to say, you will likely have to work a few hours away from your home to make the rentals numbers work. If you are open to jumping in your car there are still deals to be had, especially this time of year.

I hope this helps.

Best,

AG