Help with First Purchase

[Sayantan Satpati]

Hi All,

I am a newbie trying to make my first purchase (Buy & Hold). I am looking for a multifamily (up to max 4 units). Since I am based out of SF Bay Area, I can't purchase locally due to a high barrier of entry.

I am interested in nearby areas such as Modesto, Tracy, Stockton, Sacramento, Roseville etc, as long as it cash flows. I don't want to bank on appreciation alone. Would love to connect with investor friendly agents and/or whole sellers (in Brandon's words!).

I am equally interested in out of state properties (Midwest?) and any help or information there is welcome too.

Any help to get me started is much appreciated!

Regards,

Sayantan

[Joe Bertolino]

@Sayantan Satpati I am an investor/developer and agent but I loathe the term "investor friendly" as it gives me nightmares of dealing with somebody that is going to kick tires for two years in various different markets and kill twenty hours of my time before buying some **** box 4 plex in Indiana or Missouri because it cash flows an extra $129 a month. If you have a proper budget and are interested in Sacramento and the surrounding suburbs, There are a bunch of 4 plex that cash flow and have very high ceilings in the next 3-5 years. The level of investment and development in and around downtown Sacramento is extremely exciting. A MLS Stadium, a huge Kaiser Hospital, 14 State buildings of 12 stories or more, a dozen mixed use developments, additional bridges connecting to West Sac, $50M Old Sac renovation and amphitheater, new convention center, large major brand hotels, etc. That is all the norm for SF/SJ but it is new to Sacramento. The caliber of people moving here and staying here (rather than bolting for SF or LA) is much higher than it has ever been. Sacramento is transforming from a sleepy government town that is a "good place to raise kids" (translation: Boring) into a real city. I am obviously biased but I don't think there are many places that are still affordable with as much upside as Sacramento has now. If you want a property that is going to cash flow $200/door after debt I probably can't deliver that but if you want a 4 plex that will cash flow $200/mo with home run appreciation potential I can do that.