HI, I'm new - Sacramento Agent/investor/birddog

Sacramento, CA · Member since 2019 · 3 posts · 0 votes

Just introducing myself:

I'm Jarrett from Sacramento CA. I got interested in real estate investing when I was 18 watching those cheesy late night infomercials. I began working as a Realtor about 5/6 years ago mostly residential resale. Currently do side work for an investor/flipping looking for distressed properties.

Looking to partner up and find opportunity for my first deal. I'm familiar with Sacramento for flipping leads but also open to out of state.

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Michael S.Pro Member
Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
7y
Welcome to BP Jarrett. Great to have you.
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Austin Largusa
Investor · San Francisco Bay Area · Member since 2019 · 119 posts · 79 votes
7y
@Jarrett Townsend I’m out here in Fairfield about 45 mins west of you. What are your thoughts about Oak Park? I’ve loved seeing what they’re doing in that area over the past few years.
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Jarrett Townsend
OP
Sacramento, CA · Member since 2019 · 3 posts · 0 votes
7y
@Austin Largusa It seems crazy to me over there in Oak park. Its still a transitioning neighborhood and yet prices have increased so much in the last handful of years.
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Austin Largusa
Investor · San Francisco Bay Area · Member since 2019 · 119 posts · 79 votes
7y
@Jarrett Townsend true the prices aren't reflective yet of what it could be. If they can continue the work in North Oak Park and find a way to make it to South Oak Park, that would be great. I've also been looking in the Arden Arcade area for multifamily units.
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Matt Maurice
Property Manager · Milwaukee, WI · Member since 2014 · 113 posts · 144 votes
7y
Welcome to BP Jarrett!
Time on BP > Cheesy infomercials... glad you found where the REAL value is!
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Jarrett Townsend
OP
Sacramento, CA · Member since 2019 · 3 posts · 0 votes
7y
@Austin Largusa Arden-Arcade great stable area. I'm nearby in Carmichael.

@Matt Maurice Haha thank you Matt. I've been devouring the BP podcasts while playing video games in my spare time. I made my first oral offer on an out of state property already and am sketching out a system I can follow.
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Matt Maurice
Property Manager · Milwaukee, WI · Member since 2014 · 113 posts · 144 votes
7y
Uh oh... you must not have read Scott's book "Set for Life" yet, you'd get eternally mocked for pursuing financial freedom and not putting down the video games.
Be patient with out of state deals and setting up your network. I'd recommend only working with companies that have a track record with OOSI's, plus always always always have your future to be property manager look at the deal pre-purchase. Your agent will be done with the property at closing, your inspector doesn't care about the quality of residents the home will attract, your PM owns the deal for the long haul and is stuck with it once you buy it. Good PM's will charge to do this inspection, pay them, it will be worth it.
Oh and never say "oral offer" ever again, folks may get confused about what type of currency you are using. Go with verbal offer ;-)
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