All Forum Posts by: Vu T.

Congrats Garrett!

I've been looking at this area as a potential for REI as well. Still doing research however.

Vu

Revathi,

I've been eyeing this area too.  Looks like some decent potential, but like others have said, it looks like mostly low-paying jobs.  There's a lot of land nearby, and its close to the mountains.  I think a lot of the speculators hit this area 2yrs ago, housing has gone up.  I'm still investigating the rental market.

Vu

A small group of CA docs looking for a real estate agents/wholesalers for multifamily properties in Vegas. Any help is appreciated!

Thanks for the heads up guys.  I've been looking at Sac, Temecula, and even Victorville and the surrounding regions.  I'm just trying to really learn about an area and just commit to that area.  Temec is still relatively expensive, and as for Victorville and the high-desert areas, I honestly wouldn't want to live there, so I'm not sure how great it would be to try to find renters not to mention appreciation.  Sac is ok and has potential, but still.  It's tough as it seems like there's so many varied opinions on CA investing vs going OOS.  Every day I seem to flip-flop depending on what I read.

I mean the way I'm looking at it, I can get a small duplex/triplex here that looks pretty beat-up with low cap rates of 3%.  Or get 2 more decent looking properties OOS with much higher cap rates.  At the moment my main focus is more on cash flow.  It may be easier to do local, but is this more of a temporary step?  I can just take the plunge somewhere like TX or AZ.  I mean sure it'll be hard in the beginning, and I'll probably end up screwing up.  But it may pay off more eventually as I learn more and be able to acquire MORE properties.  One can always argue that the quality of properties may be better in CA, but I'm of the belief that quantity has a quality of its own.  I mean I'm the type of person that usually just jump's into the fire and hope not to get burned, but if I did, at least I learned from it.

Hi guys, I'm a doc living in the OC looking to get into REI. Been reading books, listening to BP podcasts and trying to learn as much as possible. This quest even started after having realized I have no retirement plan, and my sad 401k is probably not going to cut it.

Like many, I'm having an inner battle of investing in CA or out of state (OOS).  My plan is mainly buy and hold so I have something to be proud of in 20-25 yrs.  OC is pretty much horrible for new investors like myself, even on a doc's salary.  I've been thinking of TX for awhile, either in either Collin County or Hildalgo County.  But reading up about the possible logistics nightmare of long-distance management, especially for a new guy like myself, is making me pretty nervous.  Which brings me back to the Sacramento area as a possible location.  I've lived there for 2 yrs, fairly familiar with the area, as well as have family and friends there.  Although Sac is more affordable than the OC, I'm still uncertain about its growth potential.  I mean we hear about businesses leaving CA all the time for places like TX because of the harsh CA business climate.  Having come from a family of small business owners, I can attest to how horrible it is to be a small business owner in CA.  

Any help and tips would be appreciated! 

Cheers

I'm in the same boat as many people on here apparently.  The OC is almost just as bad as the Bay area.  I guess misery loves company!  Having lived in Sac and have family there, maybe Sac isn't such a bad place to start.  I was thinking about TX for awhile though, and may still invest there, maybe in the future anyway.

Hi everyone,

Like many here, I'm also new to BP and REI. Looking forward to seeing some of your guys at the local meetings.

This sounds like a horrible situation.

I'm a noob, but how can these people actually think they can win?