Am I retarded for not borrowing as much as possible?

>Is it a good idea to buy a 2 million dollar, 6 unit building with my money, and pray for
appreciation?

No it is not. Don't pay what they want you to pay!

>>1542709
Only if you are looking at East Bay (Tri-Valley/Tracey) or South Bay outside of SJ, SiValley, and Santa Clara. Every SanFag commuter lives in Tri-valley, every South Bay Techie lives in Tracey or Stockton. The numbers living there because cheaper rent will only go up unless tech bubble bursts again, supply and demand, etc.

>t. Livermoron

So I should be buying this seemingly overpriced property up, as fast as possible?

Stockton is super duper ghetto, what is wrong with SF, it is the definition of overpriced /chinese money area.

http://www.loopnet.com/Listing/19947783/1371-Minna-St-San-Francisco-CA/

this is a reference point

>>1542778
>6 mil
>5% cap rate

Oh lord that's really overpriced. Clearly the seller is not going through a fire sale that's why he's selling it a premium.

Here are the words to look for when you are buying a property.

-Owner Retiring
-Divorce
-Personal Bankruptcy
-Needs TLC

They need to be motivated so you can negotiate the price down to a level that works for you.

Yes, but I think it works by how old the building is for rent control...


This listing is much lower, but I can almost guarantee there is tight rent control, due to a very low price.

http://www.loopnet.com/Listing/19890199/457-Ellis-Street-San-Francisco-CA/