All Forum Posts by: Sandeep S.

Hi @Romil S.,

I don't know much about Livermore but I have been investing in Hayward for several years with great results (so far).  And I continue to invest more in Hayward.   And given that I am in Cupertino - it will only be easier for you being in Fremont.   Hayward has some very nice areas as well.

I have couple of suggestions:

- Don't rule out condos and town homes.  You are right that some don't allow renting but > 85% allow renting.  So you need to check before you buy.    Many times, the cash-flow is better for condos (as the purchase price is lesser).

- Make sure that you have some positive cash flow.  It may be harder to find cash flowing properties but that will ensure you are not buying the first property you encounter.  And also the positive cash flow will protect better  in case of a downturn. 

- With ~300k cash - you can plan to buy two properties.  Of course one after the other.  But if you have desire to grow your portfolio - don't put all your cash into one property (unless you have to).

Good luck!

@Shruti Jain, 

A lot of good advice has already been shared with you.  And as @Arlen Chou said - everyone has their bias based on what has worked for them.   So I will give you my bias :)

I have been actively investing in Hayward for last several years for cash flowing properties.  And I continue to buy more including THIS year.     In my experience - buying in your local market has numerous advantages over buying afar.  The biggest issue is how to cash flow in the local (esp. bay area) market.  But if you buy right and finance it right - you can do that right here in Hayward, San Leandro or a similar sub-market.    Being closer to the property, you will learn a lot more and much quicker - and then you can figure out if you want to scale it up.

Hey @J. Martin - thanks for the tag and I'm certainly going to be there!  I can't imagine not going to such a fabulous RE event while living in the bay area.    Just to be able to hang out with so many incredible folks for 2 days makes it worth going (..and all RE knowledge gained is a bonus :) 

@Account Closed - For the remaining 30% - you need to find equity partner(s) - not lenders.  If the deal is good - equity partners will be ok with taking that kind of risk (as their reward will be proportional).  

I am not a developer but if you find a developer - I can be a capital partner in the deal.  I am heavily invested in Hayward (buy and hold).

@Richard Durant

You should base your decision on whether you want to grow your RE portfolio or maintain what you have (or reduce).  If you want to grow - it would be best to get a mortgage on the paid off rental and then re-invest that in one or two more properties.  Where to buy is a whole different topic (although I'd say Hayward is one of the very few good choices in bay area for cash flow).  

I have been buying (mostly condos) exclusively in Hayward for last several years and growing my portfolio - one at a time.  I'd love to connect with you and chat about experience in Hayward :)

@Peter Yang

I would recommend buying in Hayward which is quite close to San Mateo and one of the lowest price points for bay area.   You can still get condos there for your price range.

I have been buying in Hayward (for _cash_flow_) for 8 years now..

I will be interested in being a capital partner. But I'm not a builder/developer. 

@Fernando E. - given your location - I would highly recommend to buy in Hayward like you planned.  And do not assume that it will not cash flow here.  You just have to buy right and equally important - finance right.  Not to say that you cannot do well in Sacramento area - but I am biased in favor of Hayward as that's where I have been investing (for cash flow) for last 7 years and have done very well.  Also - you will learn a lot more if your first purchase is in local market.  

Good luck!

Tori,

I am not a builder but I am a serious investor in Hayward real estate.  I could be an investor in the deal if you have a builder on board.