Rookie in Sacramento, CA looking to get started in 2025

[Michael Shean]

Hi Everyone!

My wife and I just moved to Sacramento 2 weeks ago from the bay.  I work in tech and she just started a new job here for the state.  We're currently renting downtown and looking to get started as first-time home buyers in an owner-occupied duplex situation to start our path in rei.  We're open to other strategies, but believe that sounds the most ideal so far.  We do want to settle in a little bit here while continuing to do our homework, but hope to get into something in the next 6-12 months.

With the way interest rates are looking now and what little I see on public listings, I think a smaller multi-family that needs a little rehab would be the best bet.  I don't want to bite off more than we can chew with managing a full reno while we learn the ropes.  I suppose something more turn-key could be a good option, but haven't come across many viable options there yet.

Anyways, we still have a lot more to learn and still need to familiarize ourselves with the area/market, but just wanted to pop in to say hi!  We'd love any introductions and support from other investors, agents, lenders, or contractors in the area.

Thanks,
Mike

[Noah Laker]

I'm a local broker and investor and manage 100+ investment properties. House hacking is the best tried-and-true method for new investors in my opinion. Tons of value in learning property maintenance and tenant management. Landlord-tenant regulations are a bit complex in California and getting hands on is the best way to learn before expanding into larger investments.