All Forum Posts by: Dan Sundberg

Tons of great suggestions/advice in the previous comments. Roseville is a good area for MTR, as there are a lot of hospitals in that area for travel nurses. 

One more option that will reduce monthly expenses, and boost your rent a bit too is to buy a new home. All maintenance for the first year is covered under the builder warranty and everything is so new your CapEx will be super minimal for a long time. Plus renters are willing to pay a premium for brand new rentals too.

There are a ton of new home communities in Roseville in particular that are under $600k. Many of them are offering pretty good incentives too, I was just able to negotiate one down $30k this last week, so many of them are looking to cut deals now. 

Hey Todd, welcome to the area! I've completed one successful house hack and am in the middle of my second here in Sac. Also an active Realtor in the area. I'd be happy to talk about my experiences and the market here in general. Shoot me a DM. 

Dan

Hey @Dinesh Singh - $475k is going to be tough for Elk Grove new construction, however there is a large new construction development in Southeast Rancho Cordova that is in the Elk Grove School District. Prices are less than EG, but rents are still very good and you can get a new construction home in the $500s. 

@Nicole Masters - I'd actually really appreciate the recommendation. I've been keeping my eye out for a new cleaner. Thank you!

@Nicole Masters Thank you! Yeah I'm really happy with how it turned out. It's in the Med Center area near East Sac. Mid term rentals have been fantastic, and yeah I'm getting calls already for people wanting to book when it's next available at the end of Oct. It's only been a couple turns, so hopefully it keeps up, but so far so good!

@Richard Goore - I'd be happy to talk more about this - shoot me a DM and we can chat. 

@Colleen Chen - ah thank you for reminding me, I need to update this post! Yes, the project finished about 5 months ago and it went really well. I did the process as an owner-builder and so I worked directly with the planning and building department to get the plans signed off (first time doing this, it' wasn't too bad). I had my contractors though pull specific permits and meet with inspectors during construction. 

The only specialists I worked with were Housable.com who creates semi-custom ADU-specific plans. They were awesome and a bit part of the reason working with the city to get the project approved was so easy.

Your questions are all great ones...and it would probably be easier to talk through that on the phone...if you send me a DM I'd be happy to set up a call. 

Here's the link to the finished and furnished project. I'm really happy with how it turned out - https://www.furnishedfinder.co...

@Patrick McGinn - I don't have great insights into what you're trying to accomplish, other than the HELOC you're mentioning sounds like really good terms. What lender are you using? I'm trying to do something similar and the few banks I've talked to only like to do HELOCs on primary residences.

@Jessica Sorensen That's incredible - what a beautiful flat! And wow what great rental prices too!!Now you've got my head spinning with ideas for something like that too. There are lots of older homes in Sac with large unfinished basements or attic spaces that would be perfect for that!

@Stacie Casella - awesome, glad to help! Your story actually gives me some validation too. Part of the reason I turned to travel nurses for this unit was I couldn't imagine a tenant staying in a place that small for longer than a year or so, and 1 turn a year vs. 3-5 didn't seem too bad for the increased rental rate. Thank you! 

@Jessica Sorensen - I am so curious about this attic space and what a neat idea! How did you get access set up? For AirBnb - what are the fees and protections you get for that?

@Stacie Casella - my wife and I just finished a project that sounds almost identical. Right near Midtown Sacramento, we converted a garage to a 275 sq ft studio and rented it out to Travel Nurses. We furnished it to look really cute and photo ready like @Scott E. mentioned. Furnishedfinders.com was the only site we used to advertise and we had several really well qualified applicants and had it rented out in under a week. Here's the listing if you're curious - https://www.furnishedfinder.co...

I'd be happy to share more details if you're curious.