Hello! Newbie from Sacramento, Ca

Hello! Newbie from Sacramento, Ca

Sacramento, CA · Member since 2013 · 9 posts · 0 votes

Hi, my name is Dung Tran but I'll be honest I've been going by Tina since as long as I can remember. I'm 24 years old going on 25 this year (boy time flies). I'll be honest I have little knowledge about real estate but I am interested in learning. The only experience I have with real estate is that my parents own one and are looking to acquire another house (one to live in while renting out their first house). They unfortunately have bad timing and seem to always house hunt when there are more buyers then houses that fit their criteria/price range.

I essentially stumbled onto BiggerPockets when I was reading an article about screening tenants (kudos to Brandon Turner for the article and I forwarded my parents that article asap after reading it).

I'm currently living with the folks so I can save money and hopefully (fingers crossed!) land a more secure/better paying job. My original goal was to purchase a house for myself (100k area ideally) that have 3 bedrooms/2 bath so I can have a room to myself yet also have two rooms to rent out so I could potentially live mortgage free. In the mean time the money I would have spent on my mortgage would be put away for another down payment for another house. Depending on how I budget I could easily save up for a down payment on another house (similar price/criteria) in 3-5 years. Rinse and repeat but with better homes/neighborhoods.

If only real life would follow my goal guidelines. ;D
So anyone else in here from Sac area?

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Specialist · Orange County, CA · Member since 2008 · 2k+ posts · 623 votes
13y

Dung Tran, Khang Vu:

Welcome to BP you two. You're both young -- I remember those day! ;-) This is a great time to be learning about real estate and how to invest. Read, learn, and ask a lot of questions. It will help you succeed.

Continues success!

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  • Real Estate Agent · San Jose, CA · Member since 2013 · 43 posts · 39 votes
    13y

    Welcome to Bp Tina. I am actually from San Jose but the market I am targeting is Sacramento. I am also starting out but feel free to contact me if you have any questions.

  • Sacramento, CA · Member since 2013 · 9 posts · 0 votes
    13y

    Hi, Khang!

    It's nice to meet you and thanks for the welcome! I can understand why. San Jose is a bit pricey for a beginner right?

  • Specialist · Orange County, CA · Member since 2008 · 2k+ posts · 623 votes
    13y

    Dung Tran, Khang Vu:

    Welcome to BP you two. You're both young -- I remember those day! ;-) This is a great time to be learning about real estate and how to invest. Read, learn, and ask a lot of questions. It will help you succeed.

    Continues success!

  • Sacramento, CA · Member since 2013 · 9 posts · 0 votes
    13y

    Thanks for the Welcome Marco!

    I've been passing the time reading up on the articles this site has and there is a lot to take in. I've been reading up on flipping houses although I'm not sure if that's for me. So much information, so little time.

  • Specialist · Orange County, CA · Member since 2008 · 2k+ posts · 623 votes
    13y

    Hi Tina (Dung Tran),

    Flipping is only one way to go. You can make nice "chunks" of cash, but take on more risk and pay higher taxes. Wholesaling is another option to consider. Finally, buying turnkey properties to buy-and-hold is the best way to build long-term wealth and cash flow.

  • Investor · Santa Clara , CA · Member since 2013 · 155 posts · 144 votes
    13y

    Dung Tran

    Welcome to BP! What areas in Sac are you looking at for $100k properties? Is this for a SFH?

  • Fontana, CA · Member since 2013 · 98 posts · 1 vote
    13y

    @marco

    Thanks for the informative information. :)

  • Sacramento, CA · Member since 2013 · 9 posts · 0 votes
    13y

    Marco Santarelli Wholesaling? Looks like something else to research =O I doubt I'll be able to sleep tonight now.

    Jay Dao Thanks for the welcome! =D Honestly there is really only two areas I can find those houses for. Sac Arden Area and Franklin/Freeport area. Eldercreek/Fruitridge has houses under 100k but are too small. Not the best of neighborhoods but still workable.

  • Rental Property Investor · Northern, CA · Member since 2012 · 5k+ posts · 5k+ votes
    13y

    Welcome to BiggerPockets Tina, and best of luck with achieving your goal.

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    13y

    Hey Tina, thanks for the shout-out! Glad you liked the post :) Let us know how we can help you out going forward! Dung Tran

  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    13y

    Thanks for joining the site Tina!

  • Mike D'ArrigoPro Member
    Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
    13y

    I'm a big believer that you should wholesale first before you attempt to flip. The experience and knowledge that you will gain with no risk will help you avoid a lot of potential mistakes when you graduate to flipping.

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