All Forum Posts by: Ervin Gualberto

Thanks @Brian Garlington for replying. Admittedly, I'm very new to all this so kind of learning along the way.  Also, do practices like this occur in particular areas?  I've only recently started looking specifically in the East Bay region of the Bay Area (San Jose and SF are out of my league and budget for now)...

Hi Everyone,

I'm very new to real estate investing but have decided to take a plunge into it.  I have financing secured, but I wanted to understand more about the common practices involved in the offering process for a MFH.  E.g. is it common for the seller to just say "show me an offer and then you can get the disclosures/inspection/viewing"

Anyone with familiarity in MFH buying in San Francisco Bay Area have any knowledge they can share with a newbie?

Thanks!

Thanks @RyanJohnson for the feedback. I'm still going through some of the finer details but I'm kind of leaning towards conventional mortgage because I'm not intending to flip but do a buy and hold. Given the duration of the hold I'm thinking of, then I don't think a HELOC would make sense. Is your situation a flip or a bit and hold?

Hi Eli,

Thanks for responding.  I, however, don't quite follow what you said.  I've done some research and the average duplex price here in San Francisco Bay Area is actually around 900k - 1 mill.  After re-reading the original post, I can see where I've confused things.

Hope the above clarifies things.

Don't rent to friends (or relatives for that matter).  Mixing the two relationships never work out in the end.

Hi Everyone,

I've recently started getting into learning more about Real Estate investing.  Been lurking around BP for a while and recently decided to become a member and start to learn more.

I've started to look at investments in duplexes in the SF Bay Area and wanted to get peoples thoughts on whether funding a first time investment into a duplex is better suited to a HELOC or a conventional mortgage? I'm looking at at approximately a 500K to 900K properties.