Real Estate - Berkeley, California, United States
SEEKING MULTI-UNITS FOR CASH FLOW AND IMPROVEMENTWe are a group investors interested in multi-unit deals in the Berkeley area. The group is open to Brokers, Agents, and individual investors who want to become educated about and to network to purchase and sell investment real estate in this area.Benefits of Membership:Updates on group activities and discussionsAccess to customized Google News searches on current real estate topicsOnline access to investment strategy tipsA chance to meet others who are actively seeking multi-unit investmentRegular strategy updates from Kent Mitchell, Principal Broker at Sage Property SolutionsCost:Free (Berkeley Investors Group is a free service provided by Kent Mitchell through Sage Property Solutions Investment Brokerage)Typical Topics for Discussion - Recent group discussions have included:- the current REO market- the prospects of new opportunities due to refinance failure and other economic stressesfocus on individual Berkeley and Oakland properties including:--- a foreclosure adjacent to Lake Merritt in Oakland that may become available in the $1 to $1.5 million range and be salable within two years for $3.5 to $4 million--- a classic 1920s architecture cash flow property in Berkeley we believe could be obtained for $2.3 million to produce in excess of 10% cash-on-cash return within the first year
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