All Forum Posts by: Jeremy Williams

Found one a friend in my graduate class who speaks chinese. Looks like it's nothing to worry about, just things that they fixed in the kitchen and bathrooms. Kind of odd it's something mandatory to be signed?

I believe the people who did the rehab on this house were Chinese. The disclosure has a hand written page on the back that's in Chinese and the listing agent needs that page signed.

Not comfortable signing a page I can't read, person at my realtors office said it look like a lost of what they fixed and to what condition it was fixed. Does anyone here read Chinese? (believe it's Chinese...) I'll post it as soon as I get to a computer. Any help would be greatly appreciated

I currently have a house with my sister and we rent out our vacant rooms. I'm looking into buying a house now that is a 3/2 and house a room detached from the house that is finished nice enough to be another room.

I'd like to owner occupy this new house and rent the rooms out in the house sharing bathrooms and kitchen. My question is that I stay at my girlfriends place maybe 3-4 days out of the week because she lives close to my work and school. (I have no name or ties to her place) I'm home most weekends. Is there a certain number of days I'll actually need to be at the house for it to be considered owner occupied?

(sorry ahead of time for any spelling errors, on my phone)

I guess cash flows differ with everyone, what would you say a good monthly rent on a 200,000 property would be Michaela? This one would be 2200-2300/m

So in my searches I've noticed some properties stay on market for quite awhile. One example would be a 4 plex that just had its priced lowered to 118k from 130k. It's been listed for 5 months.

Maybe rehab is more than I'm thinking but if this place is beat up putting 20k into each unit, 80k total, will get you around 500-600 in cash flow monthly after calculating in monthly vacancy, fixes, insurance, taxes, etc.

So my main question is, what do you see in some properties that seem like good deals but have issues and cause you to not get near it?

North Del Paso where the 80 highways start to reconnect is definitely a battlefield, I was at first interested here because of home prices. I went out and walked the neighborhood and spoke to anyone who looked friendly. After hearing stories about what houses were gang house, what houses were patched up from the bullet holes from a drive by, and other shootings in the area I decided it may not be quite what I was looking for.

Going southeast down del paso towards downtown Sacramento (hwy 160 I believe?) seems to be more on the quite side. Still doing some research and want to talk to some of the people who live there. There was a bit of money that is/was going into the area to make it nicer and also this I was reading today.

http://www.sacbee.com/2013/11/17/5918521/new-optimism-in-quest-to-revive.html

Not on a computer so can't use the @ functions

Mark, I've done a ton of research from Craigslist, zilliow, and a few calls from signs I've seen around when looking at houses. The price you have listed right now is actually exactly what I have listed on my spreadsheet for your area. I've tried to go as conservative as possible when analyzing properties.

Al, North Oak Park is one of my main places I'm searching in. The one 4/2 I was really interested in sold quick for cash so I'm still looking. I'm also looking a bit into the del paso/arden area where they've been trying to revitalize the area a bit. Can't say they have been as successful as north oak park is/will be. I'll definitely be checking your blog out.

Ya, there is quite a bit going on in the area with new construction and all the money being put into the area. North Oak park looks like it's getting most of the attention but is also more expensive. I'll take a look into the neighborhood association. Thanks

Hey everyone, looking to pick up my first house in Sacramento and wanted to really pick something up in the Natomas/South Natomas area. What will most likely happen, due to housing prices, is me buying something in South Sacramento to start with.

Houses in the 60-90k range in south sac look like they could be a good cash flow. This would be between 6th and 18th ave by hwy 99. Anyone on here have any properties in the area and can share some insight?

Hey everyone,

Been lurking around here for awhile and finally have a job and the funds to start investing in some real estate.

Hoping to get started and get a house in the next 3 months or so. Now quick question. If I have a question regarding buying and holding in a specific area of Sacramento, where would be the best place to ask? I didn't see any forums that went specifically by region.