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Updated over 8 years ago on . Most recent reply

User Stats

100
Posts
9
Votes
Dan Baker
  • Invester/ wellness coach.
  • Akiruno Shi, Tōkyō-to
9
Votes |
100
Posts

Moving back to Cali, want to break into multi-family's.

Dan Baker
  • Invester/ wellness coach.
  • Akiruno Shi, Tōkyō-to
Posted
I'm currently living in Tokyo and have been for the last 4 years. My family and I and planning to move back to Sacramento, ca and want to get into purchasing multi- family's. I have some experience with single family homes, and wanted to move on to bigger and better things. I'm from sac and I am somewhat familiar with the area. But I haven't been back in a while, and was hoping to get a few words of wisdom as to where I should stay clear of when investing. Maybe any tips on any local reia meeting with multi family investors, or maybe brokers/ agents I should talk to. I've been looking at smaller multi's (2-4 units) but I feel that there isn't a lot of deals to be had. I'm trying to build a network in the area. Ultimately I want to get into larger multiple families(5+ units), but I don't know much about these types of units and I'm a little nervous jumping in without any experience. With that being said I'm hoping to find any more experience person to possibly partner up with so that I can work hard to learn that niche. Any help would be appreciated

Most Popular Reply

User Stats

131
Posts
55
Votes
Tim Kunz
  • Contractor
  • Sacramento, CA
55
Votes |
131
Posts
Tim Kunz
  • Contractor
  • Sacramento, CA
Replied

@Dan Baker welcome back to Sacramento (soon).

Here is a list of REIA within 50 mi of Sacramento per meetup.com.

The Roseville REIA is a great meet up, Capital City Wealth Builders, NorCal REIA, and Sacramento Private Money Lenders Group are all good as well.

Not sure when you left in terms of how much has changed, and I don't want to speak too much on the areas as I'm not as well versed as many other Sacramento investors here on BP are. But South Sac (meadowview), Central/South Oak, Florin are probably not ideal areas to invest in in terms of the south end of town, not as sure about the north end of town and specific areas to avoid.

Best of luck with your future endeavors, maybe we'll run into each other at one of the REIAs.

  • Tim Kunz
  • Loading replies...