All Forum Posts by: Soul Luciani

Hi,

I’m looking for a way to find an amazing deal on a home. I live in the Bay and we all know the prices out here are insane!

I ran across a couple of foreclosure sites and have recently learned about REO property. How can I buy a property directly from the bank without going through the auction process?

Where should I look?  

I have an opportunity to get a 20 year lease on a building in a great location. The building needs some work and the owner wants me to use my own money. I can get 6-12 months free rent and a reduced lease rate thereafter.

I would probable have to put a minimum of 30k + do a good amount of the work myself. 

On the plus side, once the work is done I can charge twice what I pay. Plus I will get a free place to live.

The space is 5500sf. The plan is 2 break that into 3 spaces. I will live in one and rent out the other 2 for $3500 each.

My lease rate is $5000. 

Should I do it? Is this a good project?

I'm looking for a long term lease on a commercial space in Oakland, Berkeley or Emeryville. The space should be about 3000-5000sf. I plan on using some of the space for my self and subleasing the rest. Is there anyone out there that might be able to help me find what I'm looking for?

Elliot, I have never done a flip. I have thought about it but I'm not even sure where to being. I also thought about investing in out of state. Any suggestions you have are more than welcome. 

Thanks.

I would like to get started investing in multI-unit properties in North Cal. It seems like Sacramento and Stockton are my best choices for lower entry fee and good cash flow. 

The concern that I have is keep hearing recession, recession, recession. I’m worried that if I enter the market and recession hits next year, rents may decrease in these areas and I could be upside down.

Should I try to get in the market now or be patient and wait?

I understand what you mean but I don’t have the down payment money for more than 4 units. Plus I don’t have the experience. I would like to start with a 4 plex and build from there.

Can you please explain why?

Hi,

I’m new to bigger pockets and new to real estate investing.  I have been wanting to get into it for a while and feeling like now is the time.

I would like to start with a 4plex in the Oakland/berkely area. I’m looking to live in one of the units. My down payment would be 3.5%

I started looking for lenders that will approve me for this type of loan but there are so many. I prefer a private lender that can get the deal done fast. 

One company I saw that looks decent is quicken. Does anyone have experience with them? 

Any recommendations?

Hi,

I’m new to this, so please forgive me if this has been asked.

I want to get started investing in the Bay Area. I’m looking to get a multi-family property. From everything I read, it looks like the market is starting to drop. Many analysts say that we are heading for recession. Is now an ok time to buy or should I just wait?

Any information is appreciated..

Thanks, 

Newb