All Forum Posts by: Assaf Furman

Hello David and welcome to our community! 

The south bay is indeed a tough market for new investors, but the opportunities are out there. The area you define is rather small to find a bargain, you should consider expanding it.

I'm trying to locate details on properties like owners name, mortgages and last purchase price. My county's (Santa Clara county) website and tax assessor's website are only partial. Where else can I get those details other than going to county records?

 I've been approached by one asking me about lots. I haven't thought about going in that direction beforehand. 

Regardless, my guru is BP and I take advises from the people I meet and correspond with - much like yourself Jeremy. 

 Sure, a major earthquake will have a big impact on real estate. My point was that unless an extreme event happens (e.g. earthquake, N korean virus, flood, space invasion) I don't see what else can cause this market to decline, at least not in 2015. I'm assuming your comment supports that claim.

Got it. Makes perfect sense

 Are you referring to a sub2 deal here?

If so, how do the sellers react to the fact someone else will take over their loan payments?

I'm joining the question: I too have several opportunities on lands/lots but I don't know where to start as far as knowing what to look for in order to offer the right price.

Can a developer step in to help us out: How/where do you start? What to look for?

I already have buyers for that sort of property 

I'm using Redfin.com for that task. Once you punch the address of the property you have on the top right corner of the screen "Price Home". You'll find it a very friendly tool, and at the end you can print a summary which you can use to show your buyers.

The situation in SF bay is similar to that in the south - SFR prices are high up and keep soaring. My goals for 2015:

- Wholesale 10 off-market deals

- Fix&Flip 1 property

- Buy a house for myself (out of the 10 deals I find)

I considered going out of state to invest in an income property, but soon realized the latter goal is a much better investment

And according to you're statistics, there's a high probability the statistics you two have on the percentage of statistics that are made up - is wrong :-)

Anyway, even as a new-out-of-the-box investor I can clearly see there's a huge difference between RE markets, and in each a difference between SFRs, multi, apartments etc. Here in the Silicon Valley, unless the N. Koreans devise a virus that'll hit companies like Google, Facebook, Ebay, Netlix and alike - prices will keep going high up. That said, they now have a good reason to do so...