I made some offer on EPA around 2 yrs ago, but all lost. And i don’t want to bid it up because i’m afraid it would be hard to rent out/bad tenant in those area.
Still I’m pretty scared when i drive deep inside EPA. I remember when i drive down to check out a house. one side of the street has latino gangs and the across is a group of black gangs.
Fear and greed. .just like the stock market…Like Buffet says buy when others are fearful…Still seeing deals in South Lake Tahoe…I think BA area investors should rotate out of some shfs into multi family, selfstorage, mobile home parks, and sfhs in high cap areas…Appreciation is nice but some income is needed too…Besides appreciation is not guaranteed and negative cash flow can bite you in the ass…plus debt is lucrative when you are young but can be dangerous when employment earnings drop
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