Hey thanks for this example! Tangential but wondering if you've seen any successful house hacking on the peninsula? (I love it too much here lol) Single, so one room is OK.
Yes, I've house hacked in the Bay Area and some of my friends specialize in converting large houses with many beds/baths into fully furnished rentals by the room!
You ststed. "Multifamily syndicators and landlords across the nation HATE investing in California.". That is 100% wrong! $1 of NOI in CA selling at 4% cap rate means investors are willing to pay $25 for each possible dollar of NOI. In "Alabama, etc." at 8% investors will only pay $12.50 for that dollar of NOI. Hmmm which market seems to have higher demand? Ha!
Good point. I should have said that most syndicators that are on the podcast circuit are very bearish about investing in multifamily assets in California due to the difficult political environment towards landlords.
Great video! Love these analysis ones
Great overview but SF real estate is crazy!!
It definitely is!
Bay Area has appreciation
How do you get the expense of 40%? Is it not Better to do a more detailed calculation.
40% is a good estimate, but the more detailed you can get, the better!
This is assuming people will pay. Remember you cannot evict people here . There are so many protections.
Hey thanks for this example! Tangential but wondering if you've seen any successful house hacking on the peninsula? (I love it too much here lol)
Single, so one room is OK.
Yes, I've house hacked in the Bay Area and some of my friends specialize in converting large houses with many beds/baths into fully furnished rentals by the room!
You ststed. "Multifamily syndicators and landlords across the nation HATE investing in California.". That is 100% wrong! $1 of NOI in CA selling at 4% cap rate means investors are willing to pay $25 for each possible dollar of NOI. In "Alabama, etc." at 8% investors will only pay $12.50 for that dollar of NOI. Hmmm which market seems to have higher demand? Ha!
Good point. I should have said that most syndicators that are on the podcast circuit are very bearish about investing in multifamily assets in California due to the difficult political environment towards landlords.
@@seanlovesrealestate I think it has more to do with cheap markets that they can sell to investors that think cheap means profitable.
Ridiculous calculation. Oakland San Francisco Berkeley are infamous in rent control.
we have good deals
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