When: Thursday, January 16th, 2014 - 6:30PM to 9ish+ Where: Rosamunde Sausage Grill (& Bar) Swans Market Place, 911 Washington St, Oakland, CA 94607 Get There: Take BART to 12th St/Civic Center Oakland Station& walk down Broadway to decreasing-numbered streets.

Streets, neighborhoods, for buy and hold as well as flip.

LA is the probably the last market I would choose to start out as a new RE investor, if I had other options, because of the high competition and outrageous values there.Man, I'll leave the remote investing advice up to those that do it - seems likes it would have to be a partnership with someone who has feet on the street in the area where you're investing. 

Thus, it appears, the need for new multifamily investors to either have a track record closing other business deals or real estate deals outside of multifamily...and/or partner with a sponsor/mentor with the street cred to get the attention of the brokers...does this sound right?

Address above.http://oaklandparking.spplus.com/Oakland-459-8th-Street-Parking.html

No garage, but off street parking.

Look out for major negatives such as long staircases to front door, no garages (at least in CA and TX) locations on major streets (or backing up to major streets with traffic noise, proximity to train tracks or under airport flight paths, no yards on hillsides can be a big negative, proximity to flood zones, proximity to commercial or industrial, lack of similar size homes in the area or having what will be a great home but surrounded or in the proximity of  crap (shacks, run down homes, small homes with just your big one, etc.).

As previously mentioned these banks are nationwide so the connection for the bank to the streets is a BPO agent thats supposed to be local and familiar with the market .

The house matched the description of the worst house on the best street.

They later bought the house across the street and still live there.I currently have a couple houses that were purchased in 2009 when the market was at the bottom.