All Forum Posts by: Jonathan Payne

Great assessment from @Brian Garlington...totally agree. The good ones are still going for a premium. 

I do think we are going to see a lot of inventory hit once the SIP is lifted. There are some opportunities out there now, but obviously limited. 

@Joe Aamidor  What is your budget? Over the last year I've seen the better deals on the higher end buildings, over $1.2-3. The ones under 1 Mil are still competitive, especially when vacant.

Hi @James Woods - I'm right here in Oakland and am in the craziness everyday. We for sure have been helping people sell in this last year because they are wanting to take profits and diversify them (and hunt for better cap rates). What neighborhood is the property in? How big is the lot?  Happy to answer questions since I am here...

Cheers

Hi Julie-

My group does a good amount of investor help in the East Bay - Oakland, Berkley, Richmond, etc...Happy to lend a hand to your search. I'll send you a note.

Jonathan

Hi @Emery Green - Has your home hit the market yet? I always am dealing with buyers and would love to give them a heads up on a coming soon if it hasn't...Cheers

Jonathan

For sure I want to go...Thanks @J. Martin

Fried & Williams are well known in both Oakland and SF markets with landlord/tenant law.

http://friedwilliams.com/

Good resources page - collection of links - http://friedwilliams.com/pages/resources.html

Going into this property, what lease was in place? Is the tenant protected?

First step is to be talking with the agent who helped you in the sale...

Hi Jessica-

Little clarification...you sold this property within the last 6-12 months or so?

Current owner had damage recently (while they were owner)? 

And somehow they want you to file a claim?

Am I missing something?

@Luke Mccandless 

Closing fees seem about right, maybe a tad high for Title and Underwriting, but nothing shocking.

I will concur with @Arlen Chou - great time to get in and great advice on the Landlord Exemption Cert.

@Patrick Quinn Oakland is the place. My search this afternoon brought up 46 multi-unit properties in Oakland under $525K. I've seen some amazing deals in the last 6 months despite the climate of increasing prices. Multi-units get overlooked. Just got a client into an amazing fixer duplex in Glenview where they look to double their investment in 2-3 years.

Here is an interesting take for those who are focued on rental properties...

http://sfist.com/2015/10/26/morgan_stanley_rents_w...

There may be some softening and a plateau in rents for a bit...but pressure is going to keep it going...