It’s getting frustrated. I still think real estate still could appreciate better than stock in next 3-4 years. Oakley and Brentwood is further from my home and more Expendive. I should have bought 10 houses in 2010 to 2012. Just too much work to Mansge the Propetties and I am not comfortable letting the management company to handle the dangerous tenants in rent controled area
Don’t worry… nobody is forcing you to stick your head out… 
Shoulda coulda woulda… 
Don’t worry there is still plenty of time to play catchup. Whether you bought 10 houses in 2011 or 2017 will not matter too much after 20 years…
Yes playing catch up now, maybe two more rental and I am done. I also try to look for bigger apartment complex like 20 to 30 units in some more affordable area.
Actually you’ve done quite well. The 3 rentals you have already paid off big time.
Personally I’m not into multifamily units. I think those are very high maintenance…
What area has good 20, 30 unit apartments? I am also interested. Of course, you’ll need to hire a property manager for that, maybe need to set up an office for a full time onsite manager. Management cost would be very high
Why frustration?
No one has crystal to tell the future. Almost all of the current investors and some primary home seekers did not know 2008-2012 was lower and left many golden opportunities. Everything we know hindsight.
Either in real estate or in stocks, deep understanding the subject and patience are important.
IMO, current prices of stocks and real estate are high. All we can do is research further and wait for opportunity !
It’s just frustrating to me spent half year and couldn’t find a good investment home. I knew early on in 2010 the Home price will increase in 5 years, but in late 2013 it was increasing too rapidly that I can’t act quick enough. The big issue is I have a day job that I can’t manage the Propeties if too many. Now I am sitting with cash, but bought a lot of stock two months ago.
how did you miss 2010 onwards!!! I am banging my head not buying smallest house i could afford in 2014! (i had barely enough money - its been a year or two after i graduated).
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I didn’t miss, I bought my primary home in 2010 and investment Home in 2010. Also bought two in 2011 and two in 2012, I sold the ones i bought in 2011 and 2012 for a profit which is an mistake consider the price is double from the price I sold. I was thinking I could find some deals to replace them, but it didn’t happened. If could hsve Hold on to those to collect rent and pay little property tax on those.
yeah i hear buy and hold (especially if you bought after a crisis) is a sane deal. timing market for better deals might be hard.
I guess some might say detroit might be a good spot to buy! 
Detroit homes are the ultimate cash flow generators… buy something for less than 50k and collect the living daylights out of those rent money…
if zillow estimates are not borked because of foreclosures, and a bunch of other things, they seem to have a monster appreciation in the past year.
Ok so the lesson here is never sell any assets to prevent remorse…
Yes but real estate is also about local knowledge. I am too far removed from Detroit to benefit. However there are a wide enough price range for properties here in the Bay Area there is really no need to look elsewhere for real estate acquisition.
Detroit is recovering. You can go just outside Detroit and there are some nice suburbs. In Detroit, you have to watch property taxes. They are crazy high as a percent of property value.
Only one problem… Impossible to collect the rent in Detroit… do you really think they are going to just mail you a check every month to California… good luck
In Detroit, it’s mostly section 8. Guaranteed money from the government every month. Think of it as reclaiming the taxes you paid that were then given out in social programs.
Yeah, well what’s to stop them from destroying your property… Go there and walk the hood before you buy, preferably on a warm summer night. Let us know if you survive…