All Forum Posts by: Manch Hon

Too see where BV is heading I think just look at the neighboring Silver Terrace. It's a bit further down the gentrification road and there is a large and growing Chinese population there.... It's often the case that immigrants are the gentrification pioneers. Lost a bid on a ST house back in March. Price is surprisingly (to me) robust.

Heard that Hunters' Point is gentrifying fast... Need to check it out more. But wow, didn't expect to see so much upbeat comments on BV. But yes, it's the last affordable bit of SF, and by affordable I mean half mil for a SFH.

I just bought in the Ingleside neighborhood. Rehabbing it right now. With regards to BV, how about the whole southside? Like Crocker, Excelsior, Outer Mission?

I am looking to pull some equity out from my rentals thru either HELOC or second loans. Talked to First Republic but they only do 65% LTV, that's exactly where my current loans are at. *Doh!* Anyone have suggestions? The two rentals I want to pull from are in Roseville and Santa Rosa.

@Account Closed If future cash flow from your CA properties gives you a comfortable retirement already, then sure, no need to sell in CA and buy in MidWest. That's just one of the many options available later, *after* your equity base has achieved critical mass.

First thing first, grow your equity base.

I think a better way to look at "cash-flow vs appreciation" is the timeframe you want to access your money. With appreciation you can't (easily) live off the equity gain. Cash flow on the other hand you can pay bills with today.

So if you have a good, stable source of income now and don't need that $100/door income a Midwest rental nets you, it's better to "save" that money in appreciating market and grow your equity base. Later on, near retirement or whatnot, you can sell those expensive houses in CA and deploy that big-*** equity to Midwest and buy your cash flow. You can do the math. This strategy allows you to buy way MORE cash-flowing doors than a straight cash-flow play from the get-go. I learned that strategy in "The Real Estate Guys" book and did a 180 on my own investment thinking.

I own a townhouse and a SFH in Roseville. But weeknight is out of the question for me to drive 2 hours from San Jose. Sounds like an awesome event!

@J. Martin Awesome progress you have made so far! Impressed.

I don't see a good angle to play this yet. I can't afford loading up on land. The negative cash flow will bleed me to death.

I think it's a safe assumption if development comes to Merced big time its downtown will go up in value. Do I buy multi-fam in downtown? Or lots of little houses? Commercial? How about closer to the UC campus? Which is quite far away from downtown.

We want to skate where the pug will be. But it's gonna be 2022 if no delay happened. Huge if. So we got lots of time to wait for the right opportunity. :) In general I like Central Valley's' chances. Lots of warehouses and fulfillment centers are getting built there. Amazon alone is building two. When construction jobs come back that area will be booming again.

Just heard the head of CA's High Speed Rail Authority on podcast. That got me thinking whether there is any investment angle in this. The initial phase between Merced and Bakersfield will open in 2022, followed by the link from San Jose to Merced in 2026 or something.

I am already interested in Merced. The UC campus there will no doubt expand. And look like it will become a rail hub of sort? Any thoughts on this?

I too just got my RE license. I am an investor, and I got tired of calling up agents to open doors for me. Being able to walk up a house, punch some numbers and open the door just like that? Feels like magic to me. :)

I hear Josh and Brandon always talk about how hard it is to find an investor-friendly agent. Maybe that's an underserved market? I brought that up to a broker, and he cautioned me not to turn in many extremely unpriced offers for my clients, or else I may ruin my name. It's not a big circle....