New from Sacramento

[Matt Small]

Hello all, I'm Matt and my wife and I have been renting out investment properties for a couple of years now but need to get more professional about it. We have three in the area, a SFH and two halfplexes that give great returns and thus far our tenants have all been excellent.

I'm looking to make the step up to being a serious investor and have been furiously reading this site to educate myself. I'm thinking the best way is to meet like-minded folk from the area and try to absorb the collective knowledge and experience and apply it to our situation. I'm sure we've made mistakes up to now so it's time to make some changes to how we run things.

I'll save my myriad questions for now and see who pops in to say hi!

[Wes Blackwell]

Hey @Matt Small, welcome to the site!

There is a good little group of investors out here from the Sacramento area, but you'll find that investors across the nation (and even the world) can reach out here and provide valuable info to maximize your chances for success.

Perhaps we can start off by getting more specific about your goals for this year, and the next couple years to boot. It says you want to get more professional about it, but in what ways?

• Do you want to learn from more educated investors and like-minded folks to see what areas of your business you can improve in or learn more strategies or better investing areas?
• Are you looking to team up and pool resources with other local investors and get into bigger deals or acquire more property at a faster rate?
• Or do you simply want to see who is in the area and how a relationship with each other might be of benefit to both parties?

As we write different keywords here, keyword alerts with notify other members that we are discussing about certain topics. For example, I was notified because you used the word "Sacramento" in your post so I dropped in to say hi and see if I could add some value to you.

Let's see if I can bring some more folks in to help you.... Sacramento, Elk Grove, Roseville, Fair Oaks, Carmichael, Orangevale, Antelope, Folsom, Rocklin, Lincoln, and Granite Bay!

Let's see who else drops in, and why don't you expand on your goals and what you're looking to get out of the site in the mean time so we can better respond :-)

[Matt Small]

Hi Wes,

Thanks for replying. What I'm mostly looking at is leveraging what I already hold to buy more long-term hold rentals for steady income. I am interested in other opportunities such as out of state purchases and working with other investors. 

I'm in a fairly healthy financial position currently so have money to invest but tend to be cautious in what I want to buy. I currently look for sub $250,000 properties that need some work as I am able to do a lot of renovations myself. 

Regarding becoming more professional, I need advice and tips on accounting and how best to own and purchase. Currently we just buy traditionally with down-payments and standard mortgages using joint ownership rather than an LLC or S-Corp method.

I think my best option is to meet like-minded experienced folk and make some friends and see how others are operating. It'd be nice just to meet some folks and have a beer and hear their stories.

[Derek Jones]

Welcome Matt, 

If you are looking to meet like minded individuals you should check out the local meet ups. They are posted  on here frequently as well as meetup.com.

[Gordon Cuffe]

hi @Matt Small. There are a lot of locals here on bp. There is a good free rei meetup in Roseville every month. remember buying a rental with a conventional loan is impossible so you are probably doing things correctly. I  always like to talk about out of state investing along with other types of real estate investing if your ever around Roseville.

[Matt Small]

Hi Gordon,

I've just spent all weekend showing prospective tenants around a rental that I've just remodeled. I can't believe how much rent I can charge for the area! I'd certainly like to meet with you and the group and Roseville isn't far from me at all.

Thanks Derek for your note too. 

@Gordon Cuffeundefined

@Derek Jonesundefined