All Forum Posts by: Amber Knoth

@Kristyl L. Isaacson

Very nice! I know a lot of people out in Idaho, many California natives are going there..

@Kristyl L. Isaacson

What area are you in? We are even exploring the options of partnering here in Sacramento. What we bring to the table is:

My husband is a home inspector, so any property we buy will be thoroughly inspected but someone who is not only likeminded, but is very knowledgeable. He is also a tradesman, he can make any repair to any property himself; weather it be construction, electrical, plumbing, pest repairs, etc..

I worked with an investor here in Sacramento specifically finding good deals and running the numbers, figuring out what rehab costs would be and what our highest offer can be- they now have fancy calculators for this but regardless it’s valuable to not have to rely on a tool. We also already manage a rental property, so we have some inside knowledge in that area.

Also- we have money to invest, which is important!

@Quentin Mitchell hi Quentin, thanks for the reply. Since I posted that I’ve been doing a lot of thinking a narrowing down and defining my goals more clearly.

I need at least 4K coming in monthly-I currently have one property that cash flows $600 monthly plus income from my husbands job. He is a home inspector here in California but we are looking to supplement his income with rental income.

I’m thinking we should immediately start looking a (at least) a 4 door multi family unit and start there and continue adding more multi family from there. My husband thinks we should start with less and work up to over 4 doors so we can “get our feet wet” but my problem with that is simple-WHY? The only answer I can come up with is that most people in our position can’t make that leap first (mostly due to money), but unless I’m missing s omething, WE CAN! We have multiple options with our current rental- sell it and make $200k+ or cash out refinance which would leave us with less capital but one more property in our portfolio.

We keep saying we are “new to investing” but that’s not the case at all. We bought our first home in 2012, we still own it-that is our rental now. We also own our primary and with our next move would also be renting this one out.

Hi there. I’m new to the active investment life and I’m searching for ideas or advice. 8 years ago we bought our first house that we now have roughly 200k in equity. We rent it out now and own another home right across the street that we owe more on but they both appraise at the same amount, however we plan on keeping the second one we bought (unless given a solid reason to not keep it but so far nothing has made sense for that)

Our goal: to put 200k into as many reliable streams of income but not overwhelm ourselves with too rapid of growth to quickly or at least manageable growth.

Is that to vague or broad of a goal?