Highest and Best | Steve Peterson
from The Marc Guzman Experience
Rarely does a week go by when the California Housing Crisis is not brought up. This week is more of the same, as once again, more and more news is coming out regarding Bay Area residents leaving the Bay Area, citing the high cost and lack of housing available. Today on Highest and Beat, we have Steve Peterson of Infinity Investments. For the past 10 years, Steve has been one of the more involved real estate professionals in the Bay Area market. We ask him why he thinks residents are being crunched out of the Bay Area, as well as what can be done to keep them from moving. We also discuss commercial real estate, as well as his involvement in the California Association Real Estate Brokers, which seeks to provide opportunities for minority brokers and home buyers. Website: infinityinvestments.net Phone: 510-879-7542 0:00 Getting Started Getting into Real Estate CCIM Involvement 8:29 Analyzing numbers in real estate 9:19 Mistakes made when purchasing commercial properties Rent control markets 13:21 Feels like 2006 again 14:46 Down payments to purchase a building 20:21 African American community and home ownership CAREB involvement 30:26 Developers Building challenges in the Bay Area 32:28 Rents dropping in San Francisco and Oakland 34:26 Leaving the Bay Area 44:56Demand for industrial properties Cannabis Retail 49:33 Wrap up/ Contact info
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