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All Forum Posts by: Jacob Garcia

Jacob Garcia has started 7 posts and replied 24 times.

Quote from @Raju Balakrishnan:

Oakland is  a reasonably big market, you will find good & Diverse inventory also. But Oakland is very heterogeneous in terms of crime, and there is a lot of variance in cap rates also from neighborhood to neighborhood. So do you homework to understand Oakland well. Other bay area cities are smaller, less variance in crime, and uniformly low caps with less inventory per city.  

Financing will vary a log depending on whether you are looking commercial or less than four units. 

@Raju Balakrishnan 

I agree! Oakland is a big city and I am definitely taking some time to do my research. What are some resources you have found useful to help you navigate through neighborhoods and understand their diversities? 
Quote from @Brian Garlington:

Welcome to BP. The greatest ROI from a cashflow perspective will be in Oakland. Other areas may pr may not offer greater appreciation. Your first step is to get pre-approved with a lender first my man. Reach out to @Chris Mason

@Brian Garlington 

Thanks for the referral! We will start working on our financing soon and that will be useful. While we go through this process we are looking to narrow down our options and put our deal analysis into practice. In looking into Oakland, what are some neighborhoods you would consider viable for new investors? We are looking into small Multifamily, something I can perhaps brrrr in a decent neighborhood. Thanks for your input!

East Bay Multifamily Investors - hey all, new to RE and looking to start investing in Bay Area small Multifamily properties. Working on getting my financials ready, but while that’s going on, I’d like to get some insight into areas/cities/ neighborhoods y’all like and their pros and cons. Appreciate any input! 

Post: Closing from wholesaler

Jacob GarciaPosted
  • Posts 24
  • Votes 6

Hello, I'm looking to close on a property sourced from a wholesaler (numbers work and the wholesaler fee is reasonable). If the deal materializes, this will be the first time I close outside of the traditional agent-based model. I am looking for some guidance as far as how the closing looks like from this perspective. Should I be working with an agent to close? What are some details that I should keep in mind. 


If someone could break down the process step by step I would very much appreciate it. Thank you all!