My Second Investment: Rental for Traveling Professionals

[Grace Esteban]

Investment Info:

Condo buy & hold investment in Oakland.

Purchase price: $432,000
Cash invested: $17,000

This is a one-bedroom condo in downtown Oakland. The building is a 4-story and near public transportation, the financial district, and hospitals. I lived here for two years and now opening it up for short term rentals (preferably traveling nurses/medical professionals).

What made you interested in investing in this type of deal?

It is close to the Convention Center and only 12 minutes away to Embarcardero, San Francisco.

How did you find this deal and how did you negotiate it?

I don't think this was a good deal. I bought it during the peak. I work in SF and live in SJ, I thought it would be wise to just buy a property close to public transportation in Oakland rather than rent.

How did you finance this deal?

I found this through Zillow.

Lessons learned? Challenges?

I should have bargained better.