All Forum Posts by: Chloe Calder

Ok thank you it seems like I'm going to be looking for an investor with cash on hand before I jump the gun on anything!

I have one rental property that I want to keep. It is a condo and they will be raising the HOA dues shortly, but I will still be making a profit off of it. I am interested in getting a multi-family property in Sacramento area and found one for under $500k but don't have the 25% down to make the offer.

It's been on the market for over 100 days so I'm sure there are some issues and I'm wondering if anyone has had success bidding very low on something that has sat for so long. 
Alternatively, I'd also like tips on finding an investor to help me make the purchase or find another way? 

Looking for any advice!

Investment Info:

Condo buy & hold investment.

Sale price: $325,000

Bought my first property 2020 for my primary residence and was able to purchase another property in 2024.
Moved into the new property and converted my 2020 property into a rental.

What made you interested in investing in this type of deal?

I liked the idea keeping a property in this area as rentals are always in high demand. I was able to rent it at a good price and have a good amount to save for expenses while also taking some home as surplus.

Lessons learned? Challenges?

Would not invest in a condo again due to exponentially increasing HOA dues