All Forum Posts by: Jeremy Haney

Welcome @Scott Scoville! Sacramento native and aspiring investor. Happy to have a conversation. 

@Stevie Delacruz Hey Stevie, I can tell you that I had very similar thinking at your age. At that time I was 18 and the market was at its peak. Once it dropped I was very discouraged. I ended up saving and buying at 23 with an FHA 3.5%. Rented out three rooms and my buddies covered everything, I also walked away with a hundred bucks in my pocket. At the time, I did not realize what I was doing. I just wanted more $$. Now my friends with degrees(I dont) are scratching their heads at how I have the aility to have 5 properties before 30. Anyway my advice...get your education up on current market conditions in your area and save up some money, hold a job for a couple years to qualify, build some credit. Make a calculated move on your first and second buys. Enjoy the house hunt and don’t feel pressured to buy something that doesn’t make sense. My realtor at the time was nice and I felt bad we looked at probably 50 homes. But when we found my first home(4 bed 2 bath home, 1140 sq ft for 120k, not the best area but lots of parking, shopping accessible, near downtown, no major problens to fix myself). She and myself were both shocked at the deal we walked into! I pounced on it like an lion👍🏽👍🏽good luck my man

@Alain Mario Eboli Jr. I did not end up buying in the area. Bought a property in Michigan actually. Good luck on your projects!

Yes the section 8 is not accepted by 80-90% of Sacramento easily. I am in the midst of moving my section 8 tenants out. This is due to me wanting to sell in the near future. They were actually great tenants, I am doing cash for keys and all the sudden they are happy to go. If your going to keep the duplex as a rental. Section 8 may pay more this year than they did when your tenants moved in. Just a thought. See below https://www.shra.org/wp-content/uploads/2018/04/Payment-Standards.pdf

Hey Jason, I bought my first out of state a few months ago. Best place to start is education! BP podcast and Real estate books built my confidence big time. Good luck!

Hang out and stack money and build your credit! Then do it again with a 3-4 unit that makes more $$ and take your buddies with you! Just a thought, if they’re clean and everyone gets along, seems like a win win. 

 Congratulations @Sebastian Kressley! I agree the podcast can be a great tool for inspiration and knowledge

@Cher Boyer that’s good to hear. This is all new to me. Mitch Messer thanks Mitch, I will reach out!

@claude s. Bibbs County has qualities that are attractive to me. Population: above 250k Price range: low to start(this would be my first investment out of state). I am looking to get warmed up to the daunting task of out of state investing. Employment growth is on par with national average The numbers are just not here in California at the moment so my main focus is on Cash Flow. There are negatives I see with the crime rate. I grew up in or around bad areas so it really does not scare me off. My plan is to go to the market and see with my own eyes to get a feel for it. Personally I am more attracted to Warner Robbins.

I am looking at getting started in Warner Robbins. Lower capital to get in the game. The math seems like it can work (1.5-2.0% rule). If anyone has any input on the area, I would appreciate it. is there a high vacancy rate? If all works out I plan to take a trip and do the proper homework to understand the area. Thanks in advance!