Flip Diaries of the Bay Area

[Juan Diaz]

Hi All,

Since I've got a lot of projects going on, I thought I'd consolidate the updates that I post onto one thread. I'm not too great at consistent updating, but when I do update I'll post on here!

Here's (a few of) my current crop:

Golf Links Rd, Oakland

This one was a quickie—we found it on the MLS, and as soon as we took possession, we had it ready to go on the market within a week (we waited a few days to list on the standard day). This one was pretty easy, entirely cosmetic. Spending about 20K to paint inside and out, add a new range, and stage. Otherwise, keeping it the way it is, and we're looking at about $140K price difference from buying to selling. It's looking like a quick and easy deal.

Pics:

Caswell Ave, Oakland

This one we bought in October, but the tenants weren’t out until a month or two ago. Tenants in the Bay Area are a handful and a half—it can be almost impossible to get them out. Fortunately we were finally able to motivate them to go for a cash for keys agreement, and we took possession. It’s a smaller house in a sketchy area, but the holding time allowed prices to appreciate even more. On the net, the appreciation should cover the small holding costs that we had incurred.

Pics are coming on Caswell