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Updated about 8 years ago on . Most recent reply

User Stats

34
Posts
7
Votes
Ben Rice
  • Marketing
  • Redwood City, CA
7
Votes |
34
Posts

Success stories in last 2 years | Investing in or from Bay Area

Ben Rice
  • Marketing
  • Redwood City, CA
Posted

Hey All!

This is a 2 pronged question. I live in the SF Bay Area and get frustrated listening to the podcasts. Most of the guests either started 20 years ago, or lucked out and were in a position to start when the economy tanked in 2008. Or live and invest in areas where real estate is "cheap" compared to what we have to work with in the Bay Area. So my question is have there been any podcasts that touch on either of these points? If not, are there any new-ish Bay Area investors that wouldn't mind chatting about their journey? And also anyone that fits into what I am describing if you could share your success stories here?

@Brandon Turner - Any chance you might have a guest in the near future that fits the description above? I enjoyed listening to Dave's story the other day, but again he got his start when the market was down and in a cheaper area.

Thanks all!

  • Ben Rice
  • Most Popular Reply

    User Stats

    3,821
    Posts
    2,925
    Votes
    J. Martin
    #1 Real Estate Events & Meetups Contributor
    • Rental Property Investor
    • Oakland, CA
    2,925
    Votes |
    3,821
    Posts
    J. Martin
    #1 Real Estate Events & Meetups Contributor
    • Rental Property Investor
    • Oakland, CA
    Replied

    @Arlen Chou and @Julie L.,

    @Ben Rice,

    How's it going? I understand it can be frustrating.. but there are a lot of people crushing it in the Bay Area, despite (and sometimes because of) the high cost.

     I got started buying property in the East Bay from 2012 through 2014, and used lower-end rentals in Oakland and Richmond to get started with more cash flow, did a house-hack 4plex deal to start, networked to get a great wholesale probate deal for the least one, and a foreclosure and another one in between.

    As prices got to be more than I liked, I started a highly successful furnished rental business in the last year and a half, and quit my W2 job at 31yo.

    is a link to a post I wrote with links to other posts with more specifics.

    There are also lots of folks buying good deals regularly and making good cash flow. You should read through posts from guys like @Account Closed 's podcast. @Jason Buzi isn't active on BP, but he's crushing it in the Bay ($1MM+/yr) still today... He'll be out at the Summit too..

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