Monthly Archives: August 2011

House Flippers in Oakland

I went to my apartment building in Oakland California today to see a unit which we were turning over and stumbled across a super savvy couple who are flipping houses. It turns out they are updating and flipping the house … Continue reading

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San Leandro 5-unit listing

We just listed this 5-unit apartment building in San Leandro and the first showing was great. We had about a dozen prospects come to look at the property which consists of four townhouse style 2 bedroom units and one 1 … Continue reading

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Cap Rate VS Gross Rent Multiplier

An investor recently asked: How do I evaluate Capitalization Rate on an apartment building priced at $1.3m with gross rents of $84,000? The Capitalization Rate of an apartment building is used to measure its value against other assets in a … Continue reading

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2701 High Street Closed!

Yesterday I closed on a deal that I had been working on for a full year. This was a 32 unit apartment building located at 2701 High Street in Oakland California. The owners called me off a marketing flyers we … Continue reading

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Viewing Macarthur Blvd with Sam

Saturday I met with Sam (a client and friend) and his wife to show them a very nice little mixed-use building on Macarthur Blvd in Oakland that we have listed. The 5 unit building is offered by PCLC, Inc. at … Continue reading

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“I want a good deal at a reasonable price”

A prospect e-mailed me today and said “”I want a good deal at a reasonable price”. I thought to myself isn’t this what everybody wants? As a long time real estate buyer I know the exact frustration that ensues when … Continue reading

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Debt Ceiling Raised

After all the political posturing and daily craziness, the government finally avoided a catastrophe and raised the debt ceiling and agreed to cut spending. It appears that this deal is good for GOP but not great for Obama. The stock … Continue reading

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