All Forum Posts by: Tammy Ly

Any help answers are appreciated! 

The SFH that I am looking at has an extra bedroom. The owner and agents could not give me a clear answer. Where I should go to check if it has a permit. If not, will it be a problem when I seek to legalize it? Will it simple it or Will I get a penalty or even be asked to demolish it. Thanks a lot!

Residents living in Stockton areas, where do they drive to work? Is it hard to find a good tenant because there aren't many employment opportunities around? 

I wonder have you ever gone through a nightmare issue? How and when to carry out the eviction? What is the cost associated with the evicting? Thank you!

A trip to Stockton today, drove by a couple of areas where the few properties located. It seems nice town with a lot of lands. I went to the North part and East center part of the town. 

@Mike D'Arrigo Thank you. I was told 95204 and 95207 are better areas, Can you tell which zip codes should watch out for? 

@Wes Blackwell  @Paul Choi 

Thanks so much for sharing your insight experience. I have just got a lead form a broker, in Stockton, $340K asking price, four units, Gross rental income $2,600.00/m. So, you can see it doesn't fit into the 1%, 2% rules. Barely positive cash flow with a conventional loan. I understand because we are in the Bay Area. Can you tell how to balance out cash flow, appreciation and others # in the investing equation?

Currently, I live in East Bay. So, Stockton is proximity enough for me getting there as need. Please tell How rough is the area?

Thanks a lot! 

I am a newbie here, Is Stockton (CA) still a good area to invest? 

All advices will be appreciated! 

@Frank Wong, You are absolutely right. I like to live in one unit of the fourplex. This way  I can manage the property myself (with some help from PM, because I graduated from Business Administration) so that I can learn the trade inside out. However, when I was doing the research, I see this is impossible in the current market and in the SF Bay Area. So, I think I would have to either:

Accept negative cash flow house hack in Bay area

Or, go a little bit distant to acuqire the one with the acceptable number with a conventional loan (I am not comfort out of state yet).

I mean positive cash flow