All Forum Posts by: Michael Williams

@George Kopp She can choose the type of blinds she wants to install and tell her she has to pay for them herself. It’ll make her feel like it is more of her home and maybe she will will stay longer after her initial lease has expired. And when she decides to leave you’ll hopefully have a nice set of blinds in your rental that’ll attract another class A tenant.

Read "Rich Dad Poor Dad" by Robert Kiyosaki, take communication college courses. 

I’m interested in purchasing my first small multi family property in the Sacramento area. Should I use a commercial mortgage broker or should I call local banks and lender myself? How much are commercial broker fees? Are the results worth the price? Will a commercial mortgage broker get me the best terms and rates? Thank you

Any Apartment building owners in the Sacramento area want a free cup of coffee sometime? We can meet anywhere in the Sacramento area you like and I’ll buy your coffee. Talk my ear off about your experience buying and owning multi family property.

@Jacqueline Blue No, a one year lease is a test period to see what kind of tenants they are, they may be dirty, they could sub lease or move in more people that would not be on the lease, etc. After their one year leases is up and you think they’ve been great tenants you could have them sign another one year or longer lease. If it sounds too good it probably is.

Elk Grove is a good area to invest in, its less than an hour away from downtown Sacramento and it still has a suburban feel. You'll be able to find decently priced single family homes that would be good as rentals. You'd be able to rent to families and class A tenants that want to have a small town lifestyle. Elk Groves population is growing and new builds are springing up all around the area, if you held for 7-10 years and sold you'd get a great return on your investment. 

Connect with a local investor friendly real estate agent that can send you properties for sell straight from the MLS when they become available. Long term Sacramento is a great city to invest in because the population has increased dramatically in the last 4-5 years and its still growing. It's a great place to hold a rental, the rents in the area have increased because of the short supply of housing. You could drive for dollars and find properties that are older that may need work and you can contact the owner directly. Sacramento is a hot market and I don't see it slowing down anytime soon.

Do both! Biggerpockets has pro membership discounts or they'll offer a promo code that'll take a percentage off the pro membership price. The more exposure you have the better.

@Marc Rice Great information!