All Forum Posts by: Account Closed

@David Hays

From what I know about the Sacramento market, 40k is doable at this ARV...but tough. Doable, but tough is right where we want to be for our first deal. After getting a bit more experience, I think we'd be willing to lessen our margins a tiny bit. After a few rehabs, we'd gain more confidence in our ability to forecast costs. But for this first one, we want to have A LOT of margin for error as there will inevitably be a lot of learn by doing along the way.

Don't be so anxious to get it rented that you just take the first applicant. Screen Screen Screen the tenants. Having a great tenant will make all the difference in the world. 

Landlording on Autopilot by Mike Bulter is a great book\resource on landlording.

@MarciaMaynard did a podcast that discusses a lot about landlording. Here is a link to it...there is also an very good list tenant screening interview questions.

http://www.biggerpockets.com/renewsblog/2014/08/14...

Good Luck!!! Let us know how it goes or if we can help.

The next Roseville meet up is October 6th at 6:30 pm at Whitney oaks golf course.

Hey @Account Closed, there are at least a dozen REI clubs in the greater Sacramento area and they're all listed on Meetup.  You can just go on there and search for "real estate" to find the different ones.  Best of luck.

@Account Closedif you go to google and type in sacramento rei. two clubs come up on the first page of the results. there is capital city wealth builders, nor cal reia,

go to meetup.com and you will find a Roseville real estate investment club.

http://www.meetup.com/Roseville-Real-Estate-Investing-Networking/

If you ever have financing questions on buying investment properties, shoot me a email