Real Realtors 026 | The Birthday Episode

Today's episode of Real Realtors puts the City of Oakland in the spotlight. Our panel is Davide Pio and Ron Baniqued, both of whom I work with here at Baniqued Commercial Real Estate. We focus on two major issues that Oakland is dealing with: Rent Control Exemptions, and the future of the Coliseum Site. We also take a look at real estate investing and discuss strategies to use when deciding whether or not to invest in a property to flip. Enjoy.   What's New Davide's Asia trip Ron working on current deals 5:47 Getting Started Ron home flipping Home flipping investments Foundations Flipped houses getting robbed 11: 00 Flipping Home Capital Financing Finder Fees 12:35 CAP Rates and GRM Capitalization rates Calculation GRM: Potential income divided by purchase price How long it takes to make money back Not a recommended metric IRR: How much money a building makes you over time Investment strategies 20:30 Rent Control Always comes up in negotiations No investor likes rent control Been around in the Bay Area for a long time 22:40 Oakland Rent Control Rehabbing old buildings New buildings aren't under rent control Too many people are starting to do that 26:13 Oakland Coliseum Site What to do with the land Land comparisons to Silicon Valley Alternate sites Using land for residential housing? Atlanta comparison Tesla Interest?  31:16 Tesla and the Self Driving Car Experiences with self driving cars 38:11 Competing with Other Offers Working with clients Comparables Hot spots around the Bay Area FHA offers Writing letters to get a property Reputation impact Working with difficult agents Average realtor income in the Bay Area 48:28 Contact Information/ Wrap up