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All Forum Posts by: Nick Clurman

Nick Clurman has started 8 posts and replied 20 times.

Post: Whats up with commercial RE in Sacramento.

Nick ClurmanPosted
  • Fair Oaks, CA
  • Posts 20
  • Votes 1

It's hard to believe there's not a "Piper", that has not been paid with all these non-performing assets.    

Post: Whats up with commercial RE in Sacramento.

Nick ClurmanPosted
  • Fair Oaks, CA
  • Posts 20
  • Votes 1

As a somewhat new transplant to the Sacramento area, I'm startled to see so much vacant retail, office, and general commercial RE.  What does this bode for investors and the local economy?  Are there hidden opportunities?  With large department stores closing,  office space being of less demand.   What will happen to all these assets?  I know this is a very broad question but hopefully, someone out there has some wisdom to, share.

Post: Real estate sale person fees.

Nick ClurmanPosted
  • Fair Oaks, CA
  • Posts 20
  • Votes 1

Hello,

I recently acquired my "Salesperson" license from the CA BRE. My Hope is that with this license I will be able to access better search tools and have the ability to enter properties independently. Could some knowledgable person out there enlighten me as to the expenses I can expect ie; MLS, Metro list, Lockbox, Broker?

Thank You!

Post: Who has the hookup on appliances....?

Nick ClurmanPosted
  • Fair Oaks, CA
  • Posts 20
  • Votes 1

Hey Carson,  

I refurbish used high-end appliances.  Mostly I work with Wolf, Viking, and Thermador.  What size range are you looking for (30", 36", 48")?  Do you want a stand-alone range/oven combination? Do you need a vent hood also?  

Nick

Post: Need help finding Properties in Sacramento County

Nick ClurmanPosted
  • Fair Oaks, CA
  • Posts 20
  • Votes 1
Originally posted by @Stephen Haynes:

Strictly Sacramento County or are you open to ElDorado and Placer Counties also. 

 Yes, we are considering as far east as Cameron Park and Loomis.

Post: Need help finding Properties in Sacramento County

Nick ClurmanPosted
  • Fair Oaks, CA
  • Posts 20
  • Votes 1
Originally posted by @Stephen Haynes:

What kind of sf or how many bed/baths

Sq ft, id like a minimum 2000, 2 baths, and 2 beds minimum.

Post: Need help finding Properties in Sacramento County

Nick ClurmanPosted
  • Fair Oaks, CA
  • Posts 20
  • Votes 1

We are looking for higher-end homes in Sacramento County. We're not looking for mansions but homes that are well-built, well designed homes, in beautiful neighborhoods with great potential to enhance and update. We are looking to spend under 600 K.   I've looked diligently and have found only a very few things that I believe suit this criteria.  We are in position to close fast.  Please get in touch if you know of anything that may fit this criteria.

Thank You,

Nick

I've read that investors can make money in any market.  Of coarse not all investors have the same resources.  

cashflow is critical for my goals.  If I invest my money I need positive cash flow in return.  I was hoping someone would show me a silver lining I hadn't discovered.   Maybe there isn't one for my situation and I need to expand my search.   

Thanks for participating.   

Hello BP Community,

I am an aspiring investor currently living in the high priced SF bay area of California.  Currently I am still in an investigative  stage of investing.  Ive been focusing my search primarily in Sacramento county and also look regularly in Solano, San leandro, and Santa clara counties.  Going off what I see on websites such as Zillow and redfin, then plugging the financials into the BP rental calculators it has been a bit discouraging.   From what I can tell California is a pretty hard place to get cash flow, even with a sizable cash investment.  As a control, I pulled a few multi families  from Phoenix Az and Portland OR and ran the numbers.   What I found is that the Phoenix  market will cash flow fairly easy in comparison (there are  1% deals).   Portland was a bit tighter but still much more forgiving than California.    

In Sacramento where I've been focusing most of my search home prices are about half of what the are in my current area but still I struggle to find anything that looks it will generate cash.   Of course I could throw all my eggs into one basket and get a modest return.  Not a good option.  

What am I missing?  How do investors in markets such as this turn a profit?  What is the upside to these markets?  Are these markets spoiled for investors?  Is  California not a good place for buy and hold investors?

Thanks in advance for any input.  

Post: Greetings From a Northern Californian Green Horn,

Nick ClurmanPosted
  • Fair Oaks, CA
  • Posts 20
  • Votes 1

Hello, my name is Nick and I am finally ready to take the plunge into real estate investing. For the past 15 years I have worked in Facilities Management. I have learned a lot but have no passion for it.

My family and I have decided that we are ready to move out of the San Francisco Bay Area and will likely head towards Sacramento. The thought process is that we will be closer to family and our real estate dollar will go much further.

I currently own a home in Redwood City, in the Silicon Valley. By some crazy turn of events my home has doubled in value since I purchased it in late 2011. We are preparing to sell our house this summer and will likely stay with family in the interim while we study local markets and learn from professionals.

My strategy is mostly buy and hold but likely I will have to mix in fix and flip along the way.

Where are the great opportunities in Sacramento? Should we consider Solano, Sonoma or some other county in Northern California?  If nothing else, we are flexible and open for adventure.  

Warm Regards,

Nick