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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 5 times.

Post: How 2 verify additional living space was built w/o legal issue?

Account ClosedPosted
  • Bay Area, CA
  • Posts 6
  • Votes 4

Would you really have trouble from the city if a previous owner (or previous previous owner) built it non-permitted?  I'm sure it depends on the place because these laws are local... Any other insight from personal experience (regardless of where your market is) would be interesting to hear!

Post: Buying an investment property in the Bay Area

Account ClosedPosted
  • Bay Area, CA
  • Posts 6
  • Votes 4
Originally posted by @Account Closed:

Welcome to BP....it's really hard to give you advice when we don't know where you live. San Jose is a much different market than San Francisco, Berkeley, and Antioch.

I don't understand why people choose "Bay Area" as their location when making a profile....or put no location at all. Hard to give advice, as real estate is all about location. 

Thanks Saj! I’m interested in several different cities!

My interests are currently: Hayward, Fremont, Castro Valley, San Jose, Santa Cruz, Oakland, Richmond

Post: Buying an investment property in the Bay Area

Account ClosedPosted
  • Bay Area, CA
  • Posts 6
  • Votes 4

edited to reply above

Post: Buying an investment property in the Bay Area

Account ClosedPosted
  • Bay Area, CA
  • Posts 6
  • Votes 4

Hi there, 
I'm new to BiggerPockets, but quite enthusiastic! I'm 24 and working on my PhD, but I would LOVE to invest into a property while I'm in school... My parents have done the BRRR strategy for a couple of homes and I have watched and helped their work since a young age, so I'm not entirely new to the industry.

I have managed save some money for a down payment, but Bay Area markets are out of control! In most extreme cases, I'm seeing folks buy homes in the East Bay, only to sell them for 100,000 more 1 month later!!! I am interested in BRRR-ing here in the Bay Area while I'm in school, but funds are tight, I can only afford to make one purchase, and a mistake could be quite costly.. (Like buying when the market is high..) Does anyone have advice on where to find good deals in this current market? Perhaps I should wait? Perhaps I should find somewhere else to invest, but scared about my first property being remote.
Thanks all!

Post: Brandon and David: Ask Us Anything Podcast!

Account ClosedPosted
  • Bay Area, CA
  • Posts 6
  • Votes 4

Hi! What are some success/failure stories from doing your own research and skipping the real estate agent? Is it worth it to save that 3%? (Especially when prices are high in my area. 3% is a lot!)

What are the most important things to research if you decide to buy without a real estate agent?

Thanks so much, love the show!