All Forum Posts by: Alex Gadbois

@Rick Snow  I just messaged you.

@Derek Jones Thanks for your reply. If the MLS is no good, then what do you recommend? I have just started "driving for dollars" today, but it is a bit confusing. I am not quite sure what to look for. I know some people like to send out mailers, but I am not sure if that is the strategy for me. I only have so much money to invest in mailers and I really don't know what to include in them or who to target. Perhaps there is another strategy that I am overlooking.

How would I find a professional flipper?  Do you know any in Sacramento?  Any advice is appreciated.  Thanks!

I am looking for a property in roughly the $100k range in the Sacramento area. There are some SFR's and condos on the mls in that price range. Most of the SFR's need work. I have about $25k in the bank, but I am trying not to spend it and keep it as cash reserves. I have at least one other person that is willing to loan me around $25k or so for a down payment. I know a couple of other people that may be willing to loan me some money as well. So, do I buy and hold or flip? The market is hot in Sacramento and it seems to be getting harder to find a rental propery that will produce positive cash flow. I am intrigued by the idea of flipping, but I have never done it and I really don't know much about fixing houses or estimating rehab costs. If I buy a rental property I will have to get one in a less desirable are and would have to deal with less than stellar tenants, if the property can cash flow at all. If I buy to flip, I am concerned that I may get eaten alive buy rehab and holding costs. What should I do?

 How do I acquire properties out of state and not get screwed?

 How do you feel about 2 bedroom condos?

Thanks for the great advice everyone! It seems like it might be pretty much impossible to buy a multi-family unit in my price range somewhere in my area. Most SFR's seem to be out of reach as well (assuming a $100k price point). I have seen some SFR's close to that price listed, but it seems like they would need massive renovations, which I currently do not have the funds or experience to take on. I did see quite a few condos listed in my price range, but I am not sure if they would cash flow. Of course, then I have to take the risks associated with the HOA.

     Investing out of state is intriguing, but I am a bit concerned about getting screwed.  I have only ever bought one property (my duplex) and I have been a landlord for 15 months.  If I were to buy something out of state, I am not really sure where I would need to start gathering information.  There does not seem to be an easy solution here.  That being said, I don't mind a challenge.  

Hello. Is there anywhere in northern California where I can find a duplex for $100k that does not need major repairs? I would consider an SFR, but it seems like multifamily properties have better opportunities for cash flow. I am a new investor (I own one duplex in North Highlands that I basically break even on every month) and I do not have a large down payment. I should be able to come up with $10k of my own money, plus $10k+ from another investor. I really would like to buy a property that has positive cash flow and avoid paying PMI. I live in Sacramento and I hope to find something that is not located too far away (no more that a 2 hour drive, hopefully). Any advice will be appreciated. Thanks.