All Forum Posts by: Kelli Foley

Currently rented - Do not Disturb Tenant.

3 bedroom 2 bathroom 1202 square feet with foundation issues. 

Best buy for an experienced investor, contractor, flipper.

3587 Catlle Sacramento CA 95835

Asking $210,000

Taye,

I am not aware of "online Title Reports." Are they coming from a reliable Title Company?

I would recommend a relationship with a Title Company, I have been down at the court house steps, not expecting a property to have an opening bid I low enough for me to bid on and been surprised and was able to get on the phone with my Title contact and I received the info I needed within minutes. I wont recommend nor abuse this option, all my other investigation of the property had already been completed. 

Not sure of "fake sites" for Title reports - but see above.

No, the information I receive from the Title Companies for the Trustee Sales in NOT guaranteed. I am not receiving full Title Reports but information from the Title Company on what they find on the property and owner of the property. You will be asked to sign a understanding and release to the fact the information is deemed reliable but not guaranteed. 

Live Auction.com - yes been to many. More or less, they are the same as the everyday courthouse step auctions. They take a ridiculous amount of time, you have to "sign in" ( they claim it it is for transparency) and be vetted ( show you have the funds with you), but then none of the 6-7 employees sitting around, follow the auction and the vetting goes out the window, their auctioneers TRY to control the bidding instead of just letting the bidders bid. I haven't researched the actual numbers, but it seems like many of their auctions start at a ridiculous low starting bid and there is a much higher and ridiculous "reserve" price. I am sure it is a sale strategy to get more people actually excited they may be able to buy a property for pennies on the dollar. 

Hope I covered what you wanted. Good luck and make lots of money!

Hey Kellii! And great spelling along with a great name. Checking in on the multi family homes you may be interested in- duplex? Four plex? Or bigger? Specific areas? Are you doing any developments ? Will be in touch

Active Real Estate Broker and active real estate investor.

Native Sacramento

Gordon, I may be able to make this work. Can you send me the address and comps?

Any pictures?

Your bill includes your sewer and garbage.

The only  thing you can possibly change is your garbage and yard waste, but these don't seem high for a fourplex - your bill should show how many garbage cans and yard waste cans you are being charged for and make sure you are using that amount. Unless you can reduce garbage and yard waste( maybe your landscaper can dispose of the yard waste), I think the rest are fixed costs.

Do you have a price range in mind?

Mansoor,

Clarification first -

95605 and 95691 are both West Sacramento zip codes in Yolo County.

95838 is actually North Sacramento, in Sacramento County. Since you are saying "West Sacramento area" and "95838" , I will reply to that as the area you are inquiring about.

It is defiantly well below the median for Sacramento. Like much of Sacramento, there are areas that are much better the other parts of the same zipcode.  Is it an "up and coming" neighborhood- NO. I think if you look at crime rates it will be high.

What are you looking to do? Buy and flip? There are a lot of fixers in the area. Buy and rent? There are a lot of rentals in the area.

Kyle,

the best advice I can give you whether you want to be a real estate agent or an investor/flipper or both,  is get out there and network. Find some business, now. Make it a goal to have 3 clients in 30 days.

1. GET your business cards in the hands of everyone you know and meet

2. ASK everyone you know and meet if they need a real estate agent or if they know anyone that needs help with real estate.

3. Knock on doors in your neighborhood, ask it they or anyone they know is planning on selling within 90 days.

4. If your state allows, call or visit the Expired Listings from your MLS, daily.

5. Be enthusiastic and offer to HELP others with their real estate needs.

6. Do not get discouraged, just keep at it, 30 days of focused effort, and repeat.

Take your "job" as a real estate agent seriously, set a schedule and work the business, and follow up.  You will be surprised what business you can find both for your real estate business and your investing business with a little effort.

I too started my real estate career in a very small office with no training nor help. But I went to work and found some business and repeated - and just figured it out as I went. I thought I had to be able to "show" a larger firm that I had was successful before they would hire me. So once I was selling about 20 homes a year, I went to work for a very large firm - for too long. I then started my own very small firm. What I have found, there are Agents who want to "belong" to the biggest/best firm and their are agents who know their success is from the effort they put out, not what firm they "work for."

Good luck and let us know how you progress.

Recommend you cut the price at least the $40,000 and get it sold. Did you set the price or did your Agent - what happens when you sink $40,000 into it and it still doesn't sell?

You have already been on the market too long and aren't priced correctly.

Have YOU spoken to other agents for their feedback? or are you just getting feedback from your Agent?

Is the house staged? Are there multiple pictures and a virtual tour?

Good luck, let us know what you decide to do and the final out come.