All Forum Posts by: Frank Lienert

 Ok gotcha. I thought thats what you were getting at. In that sense Im definitely hoping to maximize my experience. 

Thanks for the insight. While I'd prefer not to self manage going forward I can't deny that managing a property has been an educational and eye opening experience! Im curious if you could elaborate as to how my management experience will benefit getting a loan moving forward?

Also, and admission that some might find shocking. I've never actually been a RE agent. I got my salesperson licnese a few years back with the intent of getting on with my buddies mortgage lending firm. That fell through and I've just been sitting on the license.

Hi all!

This is my first real post on BP and I'd like to get feedback and thoughts on my 2016 goals.

About me: early 30's, just started a new (ok paying job), new to real estate investing but have five years of experience managing a rental (see below).

By April, 2016: Buy my first home/property. I have 50% equity (via inheritance) in a SFR in a very desirable neighborhood in East Sacramento (95819). The house is owned free and clear and depending on the price I negotiate with family will cash flow.

By summer/fall 2016: Purchase a multifamily cash flowing property with my business partner/fiancé. Ideally this would be in Sacramento, but given the market we may be forced to go further afield in the Central Valley or even possibly out of state (most likely Phoenix where she's from and still has family).

I know this is likely a bit vague but I just wanted to throw it out there and get feedback on the general plan. Workable? Is two properties in a year too ambitious starting out? Are there any potential pitfalls Im missing? Any and all feedback is much appreciated!

-Frank 

Kirsten,

Welcome. I just signed up myself. Im a fan of mid-century modern myself. Certainly plenty of them out in Carmichael and Fair Oaks. Im also from Sacramento and really familiar with East Sac, Tahoe Park, Elmhurst and Oak Park. If you ever become interested in those areas and want to chat about them let me know.

Wish you the best as you begin investing!

-Frank

Greetings all. 

My name is Frank and Im new to real estate investing. Im from Sacramento, CA but have lived all over the state. I currently have a stake in a SFR rental house (inheritance, with family members) that I've been managing for about six years. It is my goal to buy them out and purchase another home (multi-family) in the new year.

Im fairly conservative by nature so Im looking at a buy and hold approach. That said, with experience and knowledge I may, in time, entertain other real estate investing approaches. Ideally I'd like to start out purchasing real estate in the Sacramento/ central valley and then branch out from there...West Coast, Southwest, South and Italy.

I hope to gain a few things from BP.

• A better understanding of real estate financing. (Anything other than a 30 or 15 year fixed is foreign to my family) I'd like to learn about the different financing options and their benefits and shortcomings both in general and with regards to specific types of deals.
• Learning and networking (duh) Im here to learn from the successes, mistakes and overall experience and expertise of others in the business of real estate and to establish healthy business relationships.

Thanks everyone!

-Frank