All Forum Posts by: Gi'angelo Bautista

Hi, I'm looking for an Oakland realtors who specializes in working for flippers in West Oakland and around the arena. I have one buyer to refer over. This buyer wants to do his first flip and has years of real estate development experience in his professional day job. He is looking for small single family homes. Any help would be great.

Thank you so much! It makes a lot more sense now!

I always hear that becoming commercial real estate broker is the best path for transitioning to real estate development. What's the reason? My goal is to develop condos and apartment buildings. As a residential agent, we see a ton of a multifamily on the MLS too in San Francisco. Is becoming a commercial broker a faster way to the top? What's the difference between residential and commercial brokers in an urban metropolitan city?

On the MLS, I noticed a few apartment buildings in Stockton/Lodi would pop up from time to time. The cap rates would range from around 7-9. They seemed like good investments because of the numbers, but would it be worth it to buy a rental out there?

I would like to know how your investment is doing too!

Just keep the property since you said it had good cash flow. You can use the cash flow to help supplement buying new investments or what not. This property is also very valuable in Eureka Valley, a great neighborhood. Your asset would appreciate tremendously down the line. Like what others said in the comments above, don't get into a situation where you can't kick out your tenants.

Sean has a good point. CAP rates in San Francisco are really low, which means that a regular 20% down payment will give you negative cash flow. You should buy in an emerging neighborhood with high appreciation potential. You can buy a condo or you can alternatively buy a single family home (developers are not making more of these like they are with condos). San Francisco, a metropolitan city, would be a really safe investment where you know your investment will appreciate nicely. I'm an agent at one of he top brokerages in San Francisco and you can always ask me additional questions. P.S. Yes, I'm a little biased haha

You can take a look at the market reports from the various brokerages and the MLS to find data about sales. Vanguard, Paragon, Marcus Millichap, Colliers, and etc all offer market reports.

Like what others have said in the previous posts, the sold price is what matters and comparing that price with what similar buildings have sold for already. 

Plus, the 69 Clementina building is located literally right next to a freeway exit/entrance to and from the Transbay Terminal.  Unit #502 is going to get the blunt of the noise because it's at the same level as the freeway, which is only about maybe ~50 ft away. I rented out unit #503. The unit has no parking and the building is located in an alleyway.  Compare this property with Hawthorne, Parc Merced, Blu building, 77 Dow, Metropolitan, 74 New Montgomery, and etc and you'll see that there's a very big difference.  

With that said.... It's always a good time to buy and sell ;)

If you were a multifamily developer and you had the chance to move wherever in the West Coast, which city would you pick that had the shortest entitlement process and the most opportunity for building apartments?

I recommend reading the "Inside Track to Careers in Real Estate" by the Urban Land Institute. There's a section for entrepreneurs in there too and shows paths you can take as you go on your journey. The book also describes the various majors, backgrounds, and etc and how it shaped the top leaders in the industry today.  It's a great read!!

https://uli.org/education/inside-track-to-careers-...