All Forum Posts by: Melissa Roybal

@carmella the first one is on zoom.  Once we meet on zoom and see where everyone is joining from, we can all decide on a location for February that works for everyone.

Join us to talk all things real estate investing! This will be a casual meet and greet. The goal for this group is to provide a place where we can share our wins and our struggles around real estate investing. We will decide where to meet in person next month. 

Hi Hector,

Not sure what your schedule is like, but I’m hosting a Sacramento Real Estate Investing meetup on zoom (for the first meeting) on Friday 1/28 at 10am. It’s listed on meetup. Let me know if you can’t find it. Next month we will do in person based at a location that’s convenient for everyone. Hope you can make it! 

I have an informal introductory meetup scheduled via zoom for Friday, 1/28, at 10am. I will post on BP. There are some meetups in the area in the evenings that in planning to go to, but I thought it would be good to do a morning meetup for those of us that prefer to meet for coffee, etc at that time. I am doing zoom for the first time to gauge interest and plan to do the February in person at a location that works best for everyone. I’ve househacked in the Bay Area, and now in Folsom. I invest out of state primarily, but am looking at the Sacramento/el dorado county area for opportunities. It would be great to be able to meet others and share our wins and losses and see how we can help each other. Let me know if you want more information. It’s listed on meetup.com. 

You can also do student and/or travel nurse housing and rent by the room, getting higher rent than a LTR.

@Kerry Baird this is amazing.  I am putting this into a spreadsheet.  Thank you!

As far as the structure, get a real estate lawyer to draft out the partnership agreement and the details.  Get life insurance on each other in case anything happens.  You can google BP Rookie Podcast and Ashley Kehr.  She discusses how she has done this with her partners.  As far as the deal itself, there are a lot of factors at play there.  As someone who lives here, but invests out of state, I can say it would sound really tempting to have a return on my money, have someone handle repairs, and have the growth of Sacramento.  I would also hash out who is handling major capex expenses when they come up.  You're saying he is handling all repairs, but what about if a huge plumbing issue comes up, etc.  Best of luck.  If you do take that same money and buy multiple properties in the midwest, for example, just make sure you have a sold team in place.  I do think that is a great option, too, as mentioned above.  It is just up to you and your goals.

I actually just moved to Folsom from the Bay Area this summer.  Our whole neighborhood seems to be tech workers who are fully remote (including my husband!).  I do have some Realtor friends in Austin who love it there.  We considered Texas, but both of our families are here in Northern CA, so we decided to stay.  Best of luck!

Planning on it for February most likely because some work is being done. Folsom.

Have you considered househacking a 2-4 unit or a SFH with an ADU in the Sacramento area? Depending on your situation and how flexible you are, I would 100% start with househacking in an expensive state like CA in any of those areas that you mentioned. I would recommend starting off by talking to a lender to see if you can do a 3.5% FHA loan and househack. If you are looking to stay in the Bay Area and invest in another location, you may want to consider broadening your search. If you are getting property management, it makes no difference if you are 4 hours away driving or flying. What you have to be very careful about is ensuring you have the right team in place. Best of luck and congratulations on taking action!