Riaz Capital
real estate in 2744 E 11th Street Oakland, CA 94601
Starting in 1998, the Taplin family began acquiring and managing a portfolio of multifamily properties — i.e., workforce housing — in Oakland. The dotcom bust of the early 2000s dented the business without seriously damaging it — a consequence of steady passive income from a diversified portfolio of a hundred units. The contrast with the zero-profit Burlingame flipper was stark. Looking back, Riaz muses, “Having a source of passive cash-flow became an anchor in my understanding of how to build a stable portfolio of assets”.
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