All Forum Posts by: Leno Bellomo

I'm looking for cash flow. I'd like my money to be doing something rather than just sitting in the bank. I prefer to buy when the market is down too and that's why I'm probably going to wait at least until the presidential election is over.

With my original post i was hoping to gauge local investors feelings about purchasing in this market.

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Originally posted by @Jordan D.:

Hey there, Leno. Welcome to BiggerPockets. I own a 4-unit in Oakland and have been passively searching for additional property in the area. Oakland has been on fire for the last several years, so it's hard to find something that makes sense from a cashflow perspective right out of the gate. That being said, the neighborhoods off of International Blvd as you head away from Lake Merritt are worth taking a look at. Quads are definitely better than duplexes, since so many residential buyers are bidding on duplexes. Anyhow, hope that helps. Best of luck.

That's basically where I'm looking now. I see a lot of room for growth over there. Do you rent any of your units to section 8 tenants? Any thoughts or insights on section 8?

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I own my house in Oakland and I've owned one before. I've never owned investment property though.

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Hi everyone, I'm looking to purchase amulti family property in Oakland California. I have a decent amount of capital but I'm worried to buy a property(duplex or 4plex) with the market so high. Any advice from Oakland area investors would be much appreciated. Thank you!

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All Forum Posts by: Leno Bellomo

Leno Bellomo has started 1 posts and replied 4 times.

Post: Looking to get started in Oakland ca

Post: Looking to get started in Oakland ca

Post: Looking to get started in Oakland ca

Post: Looking to get started in Oakland ca