All Forum Posts by: DJ Dawson

Billy inspiring to see somebody actually out in the field and getting work done nice job!! Let’s discuss a working together further send me a PM

Welcome to BP!! Currently house hacking my SFH and I really wish I would have house hacked a Multi!!! Build that equity and rent it out or sell (BRRRR).

I am working on closing in on a flip myself and am always looking to partner on my next project! Best of Luck and welcome to BP

Hey Dillon, I too am a REI in Sacramento, and working on locking a few flips myself, maybe we can talk and make something happen, feel free to reach out. Best of luck!!

@Roman S. I too am a investor in the Sacramento area and am looking to grow my portfolio through multi-family units, would like to discuss your goals with you in the area.

I also can put you in contact with my buyers agent who has a great understanding of the Sacramento area (helped my find my last purchase) and goes above and beyond to help me conduct research in the many neighborhoods of Sacramento

Wes, would love to see that document you mentioned, always looking to grow my network

Originally posted by @Wes Blackwell:

Hi @Joseph King! Maybe I can help!

I'm currently working with several other investors who are looking for the exact same thing you are... cash flow.

My advice would be to look for properties that can make the numbers work first, and then decide whether or not the area the property is located in is one you want to invest in.

If you focus on neighborhood first, you'll have blinders on and probably end up disappointed when any property that comes on the market in that area is so expensive it takes all the cash-flow right out of the deal.

What you'll want is a local real estate agent who not only understands your investing goals and property requirements, but can also properly analyze the area and inform you about each individual neighborhood. You'd be amazed how many agents don't even know how to look up crime data or neighborhood demographics. It's appalling. 

I've recently created a report of every property in the Sacramento area analyzing it's cash flow, and can further expand on each property and provide you with further information and neighborhood analysis. I'd love to grab a coffee sometime and see how I may be of value to you and assist your investing goals in this area. 

Really appreciate all the feedback and support, an update on the property, i've gotten current Cap Rate, unit by unit rent breakdown, and even better found out the property is not rent controlled. currently working on formulating the project to present to private investors but i dont have private investors!!! Any advice on bridging that gap?

Hello, long story short I’ve been networking and looking at properties for a few years now. Personally funded my first SF prop in Sep of 17 and now looking at multi family units. Currently in Los Angeles prospecting places when I met a woman randomly who has an off market 12 unit property in Inglewood very close to the Los Angeles Rams new stadium. Looking for a SERIOUS experienced multi family investor/contractor/buyer who can assist me in analyzing this deal finding funding etc. Sorry if this type of post is not allowed in this specific sub forum!!!!

Originally posted by @Doug Utberg:

My $0.02 is that short-term rentals are ultimately about property rights.  

As the owner of a property, I believe that I should have the right to use it in the way I see fit so long as it does not bring harm to the surrounding community.

Naturally, opponents of STR's argue that AirBnB harms communities, but I think that is a thin argument because it's based on peoples feelings & perceptions vs. provable facts.

Banning STR's is a use of police power to restrict rights without compensation that should make people concerned. It may be your rights that the city or state comes after next.

Love this response, take the emotions out of it and get to the facts, owners rights (that dont infringe on others) should be untouched

welcome to BP! Currently looking at multi-family units in Los Angeles myself!

When getting a house under contract that does not necessarily mean you need to purchase it if the dealer backs out however you do run the risk of losing your earnest money (the money given to the owner of the home to promise they will not take on another/better offer) however earnest money is a generally not very much ($100 max)