I would like to ask if there are good investment opportunities right now for multi-family dwellings, anywhere

Asked by Lily, San Jose, CA Wed Nov 14, 2007

in north ca.

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John Anthony…, , Redding, CA
Sun Dec 23, 2007
In Redding, you can get either a 5 plex or 7-plex for under $300k! Market rents are fairly decent, and povide excellent income with money down. Any Questions, I'd be happy to help.
Web Reference:  http://www.JohnnyRealty.com
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Mario Pinedo,…, Agent, Cupertino, CA
Wed Nov 28, 2007
Definitely. Let us know what price range, number of units, etc. you are interested in. We track most of the buildings throughout the Bay Area and Northern CA - there are definitely some good deals out there right now.
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SugarRayJP.c…, , So. Calif
Fri Nov 16, 2007
There are plenty of available properties now in the market. Sellers have become accutely aware of the dragon that is eating away their hard-earned equity and would like to get out ASAP.
Larger units in the upward of 50+ are less likely to be greatly concerned.
HOw many units are you thinking and how much are you looking at moving would largely depend on how good a deal you can get. Visit my site at http://www.cheaprepohomes.com so I can send you some sampling of the market.
I specialize on selling distressed properties to large investors.

0 votes
Jim Walker, Agent, Carmichael, CA
Fri Nov 16, 2007
I know of one multi unit complex in Sacramento that will cash flow at a 10% cap rate.
There is one in Fresno that is at a 9% cap rate.
Finding multi family properties with Cap Rates in northern california that are in excess of 8% is very rare.
I tink the average cap rate for 8 to 16 units is about 6.5% The average cap rate for fourplexes is about 5.5% -- -- You can earn 5% risk free on a Certificate of deposit at a bank.

Justifications to invest in multi family real estate in Northern California must then be: 1. expectation of future appreciation 2. Personal talent in managing properties and addding value through YOUR expertise. 3. Possible future tax benefits. 4. The personal satisfaction of knowing that your money and hard work is helping to provide shelter for grateful tenants.
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