All Forum Posts by: Andrew Cypert

 Hey JP, I was seeing some a couple months ago, but the market/inventory changes so frequently. Right now I’m seeing some in Hayward. Let’s connect and talk if you’re interested in investing!

It doesn't seem like Bay Area prices will go much lower than they are right now. They've gone down significantly (15-20%) in the last year, so now would be a good time to invest if you're looking to stay in the area. They will start rising soon and it seems like it'll start to flip back to a seller's market relatively soon. Bay Area homes will always increase in value, but there are a lot of young people looking to move out-of-state in order to buy a house. There are tons of great opportunities out of California to invest and live in. I've heard Bend, OR, Nashville, TN, and Missouri are hot places right now. If you want to stay in California though, Sacramento and Humboldt counties are great spots that people are moving to from the Bay Area. 

I believe TIC loans also have higher interest rates, which would greatly impact what people are willing to offer. A house in San Jose has been on the market for the last 6 months because they aren't able to get people who can get a TIC loan (not a lot a of lenders do it, although Affinity Guaranteed Rate does it), and those who can get one aren't putting in high enough offers for the sellers to be satisfied. The sellers bought a couple years ago though, so they unfortunately have depreciated in value since the market is correcting itself (I knew the 16% and 18% appreciation of the last couple years was too good to be true).

Another thing is that I'm pretty sure the buyer must get an appraisal of the unit and they can't make an offer above that.

You deal with the other TICs together like an HOA without the actual HOA company, which is much more lenient since you're all working together instead of being told what to do by a Board of Directors.

I heard you can pay to get the TIC title changed to a regular condo title and that makes it way easier without all the red tape. I'm not sure how that process happens though.

If I got anything wrong, please let me know! I'd love to learn more on TICs!

 Where/how do you find these local meet ups?

Hi Michael,

In the Bay Area, housing prices have gone down significantly as a market correction. They will be rising again though, so now is a great time to buy! Outside of the Bay Area is also a place to start. Walnut Creek, Sacramento, and Humboldt county have much lower prices and are seeing a rise due to people moving there. Bend, OR, Nashville,TN, and Missouri are interesting markets right now as well! I'm sure you'd like to stay in the Bay Area as you're from here, so you can find some duplexes in Fremont and Milpitas for under $1 million and upgrade from there after the market appreciates more. 

I hope this helped you. Please reach out if you'd like to talk more about surrounding areas. I'm sure I can help you find a great place to live/invest!

Hi Sho,

Right now there are quite a few nice duplexes in the San Jose/Santa Clara area that are in your price range. In the 1-1.5 million range, duplexes will be your only options. In the Dublin/Walnut Creek/Pleasanton area, there are some 3-4 unit properties right now in your price range.

Since we're in a market correction period from the housing inflation over the last couple years, now is a great time to invest in real estate. Tax benefits and appreciation over the next 5-10 years are the best reasons to invest BEFORE the prices start to surge again. It's been a buyer's market in the Bay Area for the last 6 months to a year. Houses have been sitting on the market for longer than this time last year. It's starting to look like houses are starting to sell quicker again, which is an indication of it turning back to a seller's market. 

I hope I gave you some usable advice. If there's anything else I can help answer for you, please feel free to reach out!

Getting your license gives you access to off-market listings on the MLS and you can actually MAKE MONEY via commission when buying a property! The education you get as a realtor (from other realtors or your brokerage company) gives you a huge advantage as to how to make better deals. Of course, if you're purchasing an investment property to flip or to sell at a later date, you won't have to pay the listing agent's commission when you represent yourself!