Home Buying in 94403>Question Details

Flamencoflsh, Home Buyer in 94403

Looking for Investment Property

Asked by Flamencoflsh, 94403 Sun Oct 2, 2011

I rent in San Mateo, and am interested in investment properties that can give me a good positive cash flow. I do not currently own a home. Is there a professional in the area who is interested in working with me?

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Hello,
I have been a realtor for 24 years and my office is located in downtown San Mateo.
There are a wealth of opportunities in the market right now, but I would need to know your specifics before approaching the right solution for you. Are you considering units, and if so, do you plan to live in one? Or, would you like to start a portfolio of single family homes?
I would be happy to discuss your plans and develop our strategy to make it happen for you.
Diane Mollison, Realtor
Coldwell Banker Real Estate in San Mateo
diane.mollison@cbnorcal.com
650-685-7626 office
650-520-9915 cell
0 votes Thank Flag Link Sun Oct 2, 2011
Afternoon,

As pointed out, any good agent/broker will work with a serious buyer, and we buy and sell investment properties ourselves on a regular basis so I'm glad to help out. You need to know that down payment requirements are significantly higher for non-occupied properties, so the first step is to figure out what you can qualify for. Then interview a few agents who have expertise in this area and pick the one that is right for you.

And It is hard to get positive cash flow, but not impossible. Another possibility is to buy a multi-unit and occupy one of the units. This would allow for lower down payment requirement and the rental income could offset or subsidize your mortgage.

Best Regards,

Lance King/Owner-Managing Broker
lance@fixedrateproperties.com
415.722.5549
DRE# 01384425
0 votes Thank Flag Link Sun Oct 2, 2011
Don's know about San Mateo but if you should ever want to consider San Diego please give us a call or visit our website. We specialize in investment properties. 760 815-6977
0 votes Thank Flag Link Sun Oct 2, 2011
Hi
I believe it is not just about property investment
It is also about growing wealth and life style and take best advantage in tax
Obligations
I am a member of Professional Wealth Management Group
We are a group of licensed professionals including CPA lawyer and realtor
We study the case together and give client a combined evaluation and thus provide different options for you to choose the best fit
Evaluation is free unless you need our help and ask us to help and we helped
Email Moxa@moxachiu.com if you want to know more
Web Reference: http://Moxachiu.com
0 votes Thank Flag Link Sun Oct 2, 2011
Hi Flamencofish, Almost all the agents will want to work with a serious buyer, it depends on how well you both communicate and how clearly you define your goals to determine if you would work well together or not.

Depending on your down payment, it's very difficult to find cash flow in SF and the Peninsula.

Here is a link from some past clients. I would be willing to sit down or talk with you over the phone to see if you and I are a good fit. http://www.zillow.com/profile/DavidTapper/Reviews/




Best.

Tap
Coldwell Banker
http://www.DavidTapper.com
http://www.TeamTapper.com
650-403-6252
415-370-7195
0 votes Thank Flag Link Sun Oct 2, 2011
While there are certainly plenty of properties around the south bay that can generate positive cash flows of 7-9% per year on your investment, have you considered whether it would make more financial sense to take advantage of today's record low mortgage rates and reasonable prices and get a residence for yourself? The amount you could save with owning versus renting is pretty close to parity with potential rental income.

As an owner you'd save on the management overhead, tenant placement costs, and periodic vacancy as compared to having a rental property. Plus, once you get yourself set, you can still take your monthly savings to finance incremental rental properties.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Sun Oct 2, 2011
Hi, My name is Val and I am Real Estate Broker in San Mateo. Would be glad to talk to you.
You can find all the info about me and my company at http://realtyfinancial.com along with free access to all available properties in San Mateo county MLS and San Francisco
best regards
Val
Web Reference: http://realtyfinancial.com
0 votes Thank Flag Link Sun Oct 2, 2011
your plan is to continue to rent while looking for one or more investment properties? You need to
contact a loan agent and explain your needs and your income as a first step towards becoming an
investor.....your accountant might be of assistance also. Donna Black, Broker Associate
Coldwell Banker San Mateo 650 343-3700
0 votes Thank Flag Link Sun Oct 2, 2011
Absolutely:)

I'm a Realtor in San Carlos, I live in San Mateo and grew up in Belmont. I'm an investor myself. I've owned homes in 3 different states and worked with many other investors.

I'd certainly be willing to talk with you about your goals, stategy, current inventory and, if nothing else, give you a few tips on things I've learned the hard way over the years. I'm reachable between 8am and 8pm daily. Contact me anytime at DavidGowans@gmail.com

My website is below for additional info.
0 votes Thank Flag Link Sun Oct 2, 2011
Good morning. My name is Moises Pelayo and I am an agent with Prudential California Realty in San Bruno. I would love to spend a few minutes to talk to you about your plans and come up with a strategy to find the home that best fits your needs. My primary focus of my business is serving home buyers and sellers in San Mateo and San Francisco Counties. Feel free to give me a call at (650) 333-0207 or contact me by email at moe@moecanfind.com
0 votes Thank Flag Link Sun Oct 2, 2011
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