Are you an East Bay-based real estate investor looking for opportunities beyond San Francisco?
You'll find plenty of available properties with high-profit potential in Contra Costa County. This area is packed with cities attracting both residents and small businesses.
Some of the fastest-growing cities include:
- Brentwood
- Oakley
- El Cerrito
- Antioch
- Walnut Creek
Brentwood, for example, is still known as an agricultural industry hub, especially in the corn, peach, and cherry markets. This city attracts agricultural professionals, as well as tech experts and families looking for more affordable prices in the Bay Area.
Considering these factors is a valuable portfolio management tip. It's important to understand a city's top industries, demographics, and growth outlook.
Discover even more property portfolio tips below.
Start With Property Investment Advice
Don't start your real estate investing journey alone. This mistake can lead to costly portfolio losses. You should never purchase a property without expert help.
Start by talking with any real estate investors in your circle. These could be friends, family members, or colleagues.
Start following credible investment bloggers and thought leaders online. There are also plenty of real estate publications to follow.
Online magazines include:
- HousingWire
- Inman News
- National Association of Realtors
- New York Times Business Section
- RIS Media
- Realty Times
You're free to follow real estate market trends in Contra Costa on your own. Don't hesitate to find other educational opportunities to learn about real estate. You'll find free courses, YouTube videos from experts, and more.
Choose a Real Estate Investing Model
How do you want to make money in real estate? Why do you want to make money with real estate? How much money are you hoping to earn through this investment?
Working with a real estate expert, like a property manager, can help you answer these questions. In conversation, you'll learn the quickest path to income in the investment property model.
Investment properties are also known as "rental properties." They can be either residential or commercial. A residential investment property portfolio would include single-family homes; it may also include townhomes, duplexes, and apartment buildings zoned for residential use.
A commercial investment property portfolio will run the gamut, from office buildings to retail storefronts.
Maximize Investment Returns With Portfolio Management
A property manager can help you purchase investment properties in locations poised for growth. Proximity to amenities is an important draw, especially in the Bay Area. You also have a large college student and post-grad market looking for rental properties.
Property managers also ensure consistent, passive income through the following services:
- Rent collection
- Tenant screening
- Maintenance and upgrades
- Property marketing
- Financial accounting
They also draw up and process tenant applications, making sure there are no costly vacancy gaps in your income strategy.
Consider All Investment Strategies
You're also free to diversify your portfolio to spread out your assets. This will become more intuitive as you gain experience in the industry.
Remember the above strategies as you begin your real estate journey and invest in professional portfolio management services like property management.
PMI East Bay offers both property management and real estate brokerage services to investors like you. Our software platforms ensure investors are updated up-to-the-minute on returns. We remain steadfast in our commitment to Contra Costa's growth.
Book a consultation to learn more about the potential of investing in this community.
