Kids may be a few years away too, but we want to set up a strong foundation before we get "caught up in life".I am happy to be part of this community because when I first started my business I didn't have any mentors, just a tireless work ethic and a huge desire to NOT fail (and prove to my Filipino parents I wasn't crazy leaving my stable day job).

As an example, a client is currently looking for 2-4 units in NOBE (North Oakland/Berkeley-highly desirable) to O/O w/5+% cap but everything we've seen has been low  like 3-4's.  

Augustine has a lot of different neighborhoods...beautiful beaches...Intracostal...high dollar golf communities...quaint historic area...older neighborhoods with concrete block homes with big lots being being brought back to mid century style...less desirable neighborhoods that may never be...you need to decide what niche you want to concentrate on...I think you tell which I like....but a lot of buyers and investors have discovered our beautiful slice of paradise and potential deals are difficult to come by...

Once you get a comfortable number under new leases, then take the next batch of tenants, who are less desirable, and be more aggressive about rent increases, and so on so forth.  

I'm here to learn more about the best way to acquire profitable properties but I'm very debt adverse, how to learn more about my desired market and managing properties (or hiring that out).  

You need to figure out the residual value of the site based on the desired profit margin.

I'm interested in hearing from anyone who has experience flipping homes in the San Francisco Bay Area (Particularly Alameda County) and in the more desirable areas of Los Angeles. 

In the ‪#‎RealEstate‬ or‪#‎PropertyManagment‬ industry or not, I've got a duplex downtown in a very desirable location.

Appreciation is 'non-actionable' meaning there's nothing you can do to even make it occur, let alone become any percentage you might desire. 

So the competition for deals gets crazy by all the first timers that will flame out and never do a deal but that does not make it better for those that do it for a living your constantly competing against someone with a 2k limit on their credit card and can hang on sites like this to get just enough knowledge to try to become a RE investor.. so in essence the market the interenet the desire to make a bunch of money because there is some illusion that RE is the way to rich's and lying on the beach.. has created the hordes all doing the same thing.We see this is the courthouse steps buying activity on the West coast every Tom Dick and Harry that can scrap up 200 to 300k in cash ( and there are Many) decide they want to buy foreclosures.. they show up to auction run properties up to a value that makes 0 sense buy it.. and never come back because they lost money or what have you.. and right when you think you got rid of those folks 5 more replace them... same thing is happening when your in the wholesaling business or distressed asset business.