Where in Oakland for investment?

[manch]

I have a property in West Oakland. The neighborhood is sizzling hot right now. Just this month two, not one, million dollar modern houses came on market just a couple blocks down my street. I don’t think you can find anything cash flowing in West Oakland today, assuming you are getting mortgages with 20 to 30% down.

I recently posted an article about “Deep East Oakland”:

Sizzling housing: Deep East Oakland lures Bay Area homebuyers

OAKLAND – When a three-bedroom house went up for sale in Deep East Oakland, an area many home seekers traditionally steered clear of because of its bad crime reputation and a lack of basic amenities, the seller was bombarded with 18 offers. The home is in Durant Manor, one of many neighborhoods clustered between Eastmont Mall on 73rd Avenue and the San Leandro border – a far cry from popular neighborhoods such as Temescal, West Oakland or Maxwell Park that typically draw homebuyers. Rob Zaborny, a 59-year-old chef who works in San Francisco, and his husband landed the winning $450,000 bid. Deep East Oakland? Haven’t heard of that term before…

I have since set up a Redfin alert on properties around there. Cash flow is not a problem. If you believe that area will continue to gentrify, there may be opportunities in that area… Of course do your own diligence.