All Forum Posts by: Chou D.

Looking for advice: We just listed a SFH in the Rocklin / Roseville are for rent. Although we're getting quite a bit of interest on Zillow, the applicants seem to be barely meeting the income and credit requirements. The listing has been up for 2 weeks, and I'm having a conversation with myself if I need to something differently or stay the course.

Should I lower the rent, or wait for more applicants? 

Hey everyone, first time home buyer here. I'm looking at purchasing a property that doesn't have a bathroom on the ground floor. What would be the best place to add a powder-room or a half bath, and how much would it cost? There is no basement and the foundation (under the flooring) is concrete slab. It looks like there's no plumbing apart from in the kitchen area, which is used in the second floor bathrooms as well. 

@Dave Peterson thanks Dave, this helps a lot!

@Sergey Tkachev thank you for your thoughtful response! Since the property doesn't cash flow, what kind of metrics / analysis / tools do I use to guage appreciation potential? Based on available comparable properties (unfortunately most are new constructions so not much history), the property isn't on the cheaper side, it seems at par with others (maybe on the higher end wrt $/sqft etc), So really it comes down to asset appreciation.

I have the option of going into contract on a new construction sfh for ~425k. 2B, 2B, ~1300 sqft - it's one of those high density new constructions near Rocklin. 

My intent is buy and hold for at least 7 years. When I ran the numbers, the property does not cashflow at 20% down (negative $200 per month). This is without factoring in the cost of hiring a property manager (I do include mello-roos, solar costs, and ~10% vacancy rate - jeez these are expensive). I live about 2 hours out (closer to East Bay Area). 

- What kind of rental yield and tenants can I expect?

- How much do property managers charge?

- Do you expect the Greater Sacramento (and Rocklin / Roseville) areas to appreciate over the next 10 years? 

- What books , resources would you recommend I read up on as a first time landlord? 

- Would I be able to self manage?

- What are somethings to watch out for in a new construction? 

Thank you!

Hello all, My wife and I live in a place where it's next to impossible to own a SFH (the place is SF Bay Area haha) However, with our hard earned savings we want to start our journey into RE, and so we thought perhaps a SFH a little away far the Bay Area as a buy and hold (10 year horizon) might be a good idea. 80% chance we rent out the place forever, but 20% it turns into our primary residence if < 3 hour drive from the Bay Area. We're open to either self-manage or work with a property manager.

We thought something in the range of ~300-400k with 10-25% down that cashflows even if it's just $100-$200 a month. Hopefully in 5-10 years asset prices and rental rates appreciate to make up for the lack of cashflow.

The Math (I was purposefully conservative)

What can go wrong, and how bad of an idea is this?

What are some areas you'd recommend? Also looking to generally connect with local professionals in the area to generally learn more and network.

cheers!

Deepak