mohanbaburam…, Home Buyer in San Francisco, CA

is purchase of rent fetching property make sense and really worth in fremont,sanfrancisco areas?

Asked by mohanbaburamadevi, San Francisco, CA Mon Jun 11, 2012

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You will have to look at it from a capitalization rate and gross rent multiplier and have a realtor help you with this.

In Fremont, there is no rent control...but you have to go through a judicial process for evictions.

In San Francisco, there are multiple rent control and eviction control laws.

However, in San Francisco, Condos and single family residences are usually exempt from rent control as well as properties built in the latter part of 1979.

Interview a few realtors with investment income experience as a general realtor without this experience would not work for you.

I would like to help you navigate any investment income purchase and you may contact my office below.

Peter T. Chin Realtor #01866332
415-863-7500
0 votes Thank Flag Link Mon Jun 11, 2012
It all depends on your investment strategy and many other factors. There are a lot of people who do this, can they all be wrong.

Find a trusted Realtor and financial advisor and see if this is good for you.

Good luck,

Matthew
0 votes Thank Flag Link Mon Jun 11, 2012
Hi, the question really will come down to the numbers. In San Francisco, we have rent control, so if a building is occupied by tenants who have been there for 20 years, there may not be much return on investment. Of course, the rent rolls will have direct impact on the value of the building. An ugly building in a mediocre area with high rents could conceivably have more value than a beautiful building in a better neighborhood with low rents.

I could write ten paragraphs on all of the variables that need to be considered when deciding whether it is really worth it, but the bottom line is that it needs to be decided on a case by case basis.

If the numbers work, income property is a great place to park your money as it is a tangible asset. A lot of wealth is built by people who own income properties.

Hope this helps. If you'd like to discuss further, please feel free to contact me directly.

Lisa Fuller, Realtor
Top Producer
415-336-9359
Vanguard Properties
0 votes Thank Flag Link Mon Jun 11, 2012
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