All Forum Posts by: Margarita Bozhenkova

I would double check with your lender before doing anything. my assumption is this is being done because that mobile home is not considered "real property" -- is it affixed permanently to the land? if no, then you likely would need to have the value of the mobile home as zero: mortgage lenders are not in the business of financing personal property. 

as an example, we see this often with, say, a single-family home being sold furnished. the mortgage underwriters want it clearly spelled out in the purchase contract that there is zero value assigned to the furnishings, and the purchase price is solely for the property (Land and improvements to the land// ie the house). 

Confirm with whoever is loaning you the funds before making any decisions just to make sure you don't shoot yourself in the foot. 

Quote from @Margarita Bozhenkova:

Hi BP community!

I'm new to this forum and to real estate investing in US. I have a few rental properties in my county of origin.

I live not far from Grass Valley and Yuba City and I was wondering if there is anyone from the same area (or maybe Sacramento) who would like to meet?

Regards,

Margarita

hi Margarita, welcome! I own property in Grass Valley with two dwellings: a long-term rental and an ADU that I'm currently living in and renovating. Eventually I plan to use the ADU for STR (with the option to use it for LTR). I purchased in 2019 and there was certainly a learning curve (understanding county rules and code, getting to know the local renter demographic, dealing with a limited pool of service providers in the area, understanding fire risk and mitigation; etc). Despite what a few have said, I've seen prices and demand here remain relatively steady thanks to proximity to SF Bay Area and Lake Tahoe. At least in my neighborhood. I'm open to connecting virtually or in GV.

Hi Margarita! 

Welcome to the BP community, this is a great place to be. 

Would love to discuss your real estate goals, and connect.

@Margarita Bozhenkova I used to live in Grass Valley so I am very familiar with the area. I now live in Roseville and have been a long time investor from Sacramento up to the foothills. You can send me a PM anytime asking questions about values in the area. I just saw a off market house for sale in Grass Valley a few days ago. The wholesaler had it priced too high as he used comps from March. I will be watching that property to see when he lowers the asking price. I still have family living in Grass valley so I visit every once in awhile. 

I've owned a number of rentals, done some flips, minor land development, etc. in the past in Nevada and Yuba Counties (still have a couple of places in Smartsville), and am actively looking at new ops in Grass Valley specifically.  Feel free to reach out if I can help with any questions.

Hi Margarita;

I'm based in Sac but looking right now also in Yuba City for SFH to rent. Last fall I put offers in on some properties in Grass Valley and Nevada City at prices that would at least break even on initial cash flow, but sellers still thought it was Q1 '22 and would rather take their properties off market than sell for less than what they considered them worth.

There are a couple of RE Meet Ups in Folsom and Roseville that are a little closer to you than Sac. The Roseville one is pretty popular, haven't tried the one in Folsom.

I'd be happy to share what I'm finding in Yuba City, just ping me with your email.

Quote from :

Hi BP community!

I'm new to this forum and to real estate investing in US. I have a few rental properties in my county of origin.

I live not far from Grass Valley and Yuba City and I was wondering if there is anyone from the same area (or maybe Sacramento) who would like to meet?

Regards,

Margarita

A warm welcome @Margarita Bozhenkova ~ current meet-up coming is https://www.meetup.com/folsom-...

and https://www.meetup.com/rei-con...

and @Sergey Tkachev hosts a meet-up on the third Tuesday of every month in W. Sacramento.

Hope to see you at one...

Hi Margarita,

I currently live in Yuba City. There is a meetup in Marysville, but one of the best in the area is in Sacramento. Feel free to contact me.

Welcome to California, and to the BP community!

I am an Investor and RE Agent in Sacramento. I only invest in Sacramento, cash on cash is decent. Cash flow is a little bit more difficult to find right now, but appreciation is solid. For a long-term investor, this is a great area to invest. Lots of jobs, number one place people are moving to from the bay area. Rents have been consistently rising as well. I also work with investors as an agent, and can help with any of your investment needs. Let me know if you’d like to jump on a call and discuss your goals and strategy.