All Forum Posts by: Kelli Foley

Congrats Andrew!

I was born and raised in Sacramento and an investor, broker and own a boutique real estate company. I believe you can find something in your price range, in a decent neighborhood with FHA.

Consider thinking like an investor even to buy a house for your self. It may be more work, but the benefits maybe great. Talk to fsbo, other investors, etc. I will keep you in mind if I come across something that will work with FHA, right now I have one fixer, but wont go FHA even with an 203k. ( a 203k, if you aren't aware, is an FHA loan for fixers. The house gets appraised for after repair value, and moneys are held for repairs. It is time consuming processes, but something else for you to consider )

Wondering how often you have been to Sacramento and driven some of the neighborhoods? I wouldn't group all of south Sacramento or north Sacramento, nor any one zip code into good or bad. There are parts of many zip codes I would not buy in, but would in other parts of that same zip code.

What are your other life interests outside of work? Do you run, bike into water sports? Sacramento has a lot of these to offer. Nice neighborhoods I have and continue to buy, because not everyone can afford the Midtown, East Sac, downtown, are South Natomas 95833 and some of 95834, Rancho Cordova 95670, unincorporated Sacramento parts of 95821, 95825, 95864, 95841, 95842. 

Don't stop putting offers in. Be creative. Even though I am an investor, there is a lot of investor hate and many home owners would consider selling to an owner occupant rather then an investor, even with FHA - I have done it and will continue to. Many home owners don't want to leave there neighbors with a rental property. Consider writing a letter to the homeowner, especially if the owner is a homeowner and not an investor, especially if it is a home owner that has owned for a very long time.

Real estate is a relationship business. Your Agent needs to work on forming a relationship with the listing agent, selling them on you and him/her.

Good luck and welcome to Sacramento!

I have bought dozens of Sacramento County trustee sales over the last 5years. The foreclosures went from 200-400 a day down to 3-15 a day and went from a dozen buyers, to corp. buyers and many many investor buyers. The most recent sales are very close to retail without the benefits of clear title and inspections etc.

If you have specific questions, feel free to ask or contact me.

Lori,

I own a SFR at 2900 Glacier Sacramento CA 95821

1755 square feet, 3 bedrooms, 2 bathrooms ( one bathroom down to studs)

ARV $280,000

Repairs $35,000-$50,000

Offered at $165,000

You can call me 916-284-8519 for more information

You said a lot when you say the days on the market is 45 days.

Just a couple thoughts - how is your curb appeal?

What is your agent doing to market your property?

 Daily online marketing?

Multiple GOOD pictures, virtual tour?

Open houseS - not just one, try open house during the week. Is there hype for the open house? Is your agent inviting other agents to the open house?

Keep us post and good luck

2900 Glacier Sacramento Ca 95821

3 bedrooms, 2 bathrooms, 1755 square feet on .26 acre lot

Repairs $35,000 - $48,000  ( electrical, windows, A/C, dryrot, fence, garage, flooring, stucco repair, paint, appliances, 1 bathroom down to studs )

ARV $270,000

Selling price $165,000