All Forum Posts by: DJ Dawson

John Tiner - 916-402-3095 - they PM over 150+ units in the area and have done right by me 

Hey Cathy I actually live right around the corner from there and am a GC here in West Sac very interested if you can PM me we can discuss further thanks

Depending on the price point, rehab costs, vs estimated rental rates (among other figures) this may or may not be a good deal, cant analyze a deal without that info of course but a halfplex typically is more difficult to sell when its time to do so due to a smaller buyer pool. Lower graded neighborhoods also come TYPICALLY with more tenant turnover and a for lack of a better word, lower quality tenant. sometimes the juice can be worth the squeeze :)

Hey @Ashley! a lot of these condos have crazy high HOA's so I would first take a look at those to see how it plays into your metrics. With that being said after taking a brief look at airbnb and furnished finder to see what something like that goes for on the market, it seems like inventory is pretty low (good for you) but the numbers are kind of all over the place (hard to pin down). To break it down even further lets say your gonna buy one for: 245k, 20% down, 6.25% interest, $200 HOA per month. you're looking at a monthly payment of about $1733 a month. So would you be able to rent MTR for lets say 1950 a month to give you solid reserves and cap ex? I would lean probably not. but it would be close! You may be able to buy for less or even no HOA idk but you got to get real in touch w the numbers to determine if this is going to work for you numbers wise. from an appreciation standpoint, Sacramento will go up over the long term, that I can assure you lol but in the immediate I wouldn't count on any real appreciation for at LEAST 18-24 months. which is normal. If you'd like to discuss more or even discuss areas that might be better suited id be happy to help! best of luck!

awwwwwwwww yeahH!!!

Hey Sean! welcome to Sac!! I host a monthly real estate investors meet up in West Sac open to new and experienced investors alike the 4th Tuesday of the month! would love to have ya! I am also a flipper and realtor in the area who has worked with a number of BP members and would love to talk about Sacramento with you as you get acquainted w the area! Best of luck on your RE journey!

nice work man!!! onto the next!!

nice work Shawn!! I host a monthly BP investor meet up once a month its Nov 29th at 6p Kickin Mule Sports bar in west Sac would love to have ya!! lots of cool like minded people there who share a lot of the same goals!

@Bob Jackson Hey Bob to purchase a probate home there’s a specific contract by the DRE in order to make that happen. In addition to that the beneficiaries and executor will need to sign all paperwork not just the executor AND the home needs approval to be sold by the courts. A little complicated but if you partner w somebody who’s done it before it should be just a few necessary steps to see it through

thats for you to decide but its essentially his down payment ,which in the contract isw written up to clearly state in the event he isn't able to perform (aka purchase the home when the time comes) then you keep the deposit. thats the 80% of non performers that @Nathan Gesner was referring to.