For our July 19th Meetup, we went to Curtis street in West Oakland, where we had the privilege to walk through a new build of a single family residential (SFR) home. History of build and process: The empty plot of land was purchased at an auction (i.e. tax sale) in 1982 for $3,700. In 2016, architectural blueprints were completed and permits (i.e. water, gas, electric, building) were filed. Construction began in April 2017 and is expected to complete in a few weeks. The house

In our 5th Real Estate Meetup in July, we covered the basics of multifamily investing as well as the markets that meet our key considerations today. Here's a high-level recap. What is Cap Rate? Rate of return based on expected income (Net Operating Income / Current Market Value) What is a good CAP Rate? When the property rate is GREATER than the market rate, especially the submarket (i.e. suburb, zip code or neighborhood) NOTE: Vacancy rate is very important to know for subma