All Forum Posts by: Dan Baker

I would be careful, I'm looking into buying multi-family's in the area too. I've been analyzing my but off and the vast majority are not good deals, in fact they all lose money. I would re check the numbers, and try to negotiate a better deal. I wouldn't count on the the previous owner putting good tenants in, often they put anyone in so they can sell the property. You should be factoring in taxes, insurance, repair costs, capital expenditures, landscaping, and property management. Someone said it before; I would look in the general area and compare rent rates to confirm if the rents match the area. You want it to cash flow

I've already made that mistake of betting on appreciation. It worked during the bubble days but not anymore. It looks like it not easy to find deals but patience prevails. I'm trying to get connected with wholesalers in the area, we'll see. Thanks for the response

thanks, south sac is definitely not a place i would feel comfortable having my wife go to at night, thanks ill look into the meetup meetings 

good luck! I'm sure you'll do great! 

I'm currently living in Tokyo and have been for the last 4 years. My family and I and planning to move back to Sacramento, ca and want to get into purchasing multi- family's. I have some experience with single family homes, and wanted to move on to bigger and better things. I'm from sac and I am somewhat familiar with the area. But I haven't been back in a while, and was hoping to get a few words of wisdom as to where I should stay clear of when investing. Maybe any tips on any local reia meeting with multi family investors, or maybe brokers/ agents I should talk to. I've been looking at smaller multi's (2-4 units) but I feel that there isn't a lot of deals to be had. I'm trying to build a network in the area. Ultimately I want to get into larger multiple families(5+ units), but I don't know much about these types of units and I'm a little nervous jumping in without any experience. With that being said I'm hoping to find any more experience person to possibly partner up with so that I can work hard to learn that niche. Any help would be appreciated

As many people have pointed out, your first investment should be closer to home. The majority of people make mistakes on their first investment. Having it closer to home makes it easier to manage them, and learning from those mistakes are invaluable education. There are affordable places to look that are within driving distance, many places along the 80 that can be reasonable. You got the military base in Fairfield, sac itself isn't too expensive. You could realistically even consider Reno, it's what 31/2 hours drive from you and the new tesla plant is being build there now.

Welcome to BP! I agree with Chris V. Vast majority of people don't have their realtor license. Nothing beets a good network of people, on and off of BP. So if your really interested in getting started, get out there, go to local meetings and ask questions on BP. Why wait I was able to break into real estate at 21, not having a lot of money. I'm sure you can get a great loan if you just took the time and looked for lenders. You might like the podcast the 5 c's of making every lends say yes. But anyway this site is a wonderful place to start learning from other people's mistakes, and to get great information in a short amount of time. Check out the pot casts and read the free books. It's a great place to start. Good luck!

Welcome! Yeah if I were you I'd start off and read some of the free books. It will help fill in the blank's and get you started. Good luck!

I would argee heading inland is better on the pocket book.  Sacramento county, possible Fairfield.

Welcome to bigger pockets, I'll be moving back to the area soon hopefully we'll get a chance to meet in the local rei meetings. Oh and Good job, keep it up. I bought my first property at 21 too.