All Forum Posts by: Nick Allison

Hi Eric, I’m an agent in Chico and cover the Oroville market. Would love to connect and see if there is any way I can help. I can recommend hard money or conventional lenders if needed

0 Votes

Quote from @Jacob Zivanovich:

Hey there! First post.

Looking to invest in Chico, California, a smaller city in Northern California. The population is around 100,000. Although I realize inventory is low everywhere in the US, is this too small of a population to invest in? There doesn't seem to be a lot of small multi-family on market, and wondering if it's worth diving into. All macro indicators suggest that this is a greenlight to invest, and local housing conditions seem to be okay except for inventory.

Thanks.

Hey Jacob,

I’m a realtor in Chico. Happy to jump on a call and share my perspective on the local market. Just send me a DM

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Hi Ryan,

I’m an agent in Chico. Happy to connect and provide references if you would like. Feel free to give me a call/text/email.

(530) 553-8224

[email protected]

Cal DRE 02105385

1 Vote

Quote from @Stephanie Gulbronson:

Quote from @Dylan Vargas:

@Jorge Barboza Jr. Welcome! I don't see the deals you are in Chico. I am local but maybe missing something. @Stephanie Gulbronson makes a couple good points. We also have SEVERAL big apartment communities that are up and running. Floral and Lassen, Meriam Park, the one by Marsh Jr High, Bruce and 20th, out by Degarmo Park etc. I think the deals are terrible unless you want to put a ton down and depending on your expectations but.....each to their own. No %1 rule anywhere that I have seen. We are having a massive issues the past 3 -5 years with homeless, drugs and crime. Not the same place I moved back to 6 or 7 years ago. At any rate in the future the current pricing may be deals. Good luck and keep us posted.

Thanks Dylan. I’m curious if anyone’s seen the listing for 346 W 18th St and what your thoughts are. Was just scrolling through and wondered if there could be something there. Looks like they under est. at 505 sq. it’s in Barber, looks like it needs some TLC but easily livable and the backyard + basement is nice, and owner financing is listed as an option.

Stephanie, I had looked at that one. Definitely has potential! They are looking for 25% down and a 6/6.5% rate. It seems like they would actually prefer to carry the note.

1 Vote

Quote from @Jorge Barboza Jr.:

What's the deal with rental properties by cal state Chico? I have been looking at different areas and found Chico and it feels like there are good deals here...am I missing something?

Hi Jorge,

I am an agent in Chico that specializes in working with investors. I have helped people buy student rentals including multifamily. Feel free to message me and I’m happy to get on a call to answer any questions.

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Quote from @Ian Cruz:

Quote from @Nick Allison:

It is $10,000 per person or legal entity. So you can buy 10k for you, 10k for your spouse and then 10k per business entity that you own. I believe 5k for kids too.

Does an SMLLC count? You can buy for yourself and then a flow through entity?

From what I understand the $10k limit is per Social Security Number or EIN. So if your business has an EIN then it is a separate entity for this purpose. I’m not a financial professional and you should check with your CPA.

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It is $10,000 per person or legal entity. So you can buy 10k for you, 10k for your spouse and then 10k per business entity that you own. I believe 5k for kids too.

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Hi Andrew,

I'm a real estate agent in Chico, I'm also a Certified Real Estate Investment Planning Specialist. I would be happy to help you with some planning on this, sounds like there are a few interesting opportunities. I will send you a private message and we can set up a meeting in person.

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San Jose, California

@Kingsley Ogwuegbu do you self manage?

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Cleveland, Ohio

@Kingsley Ogwuegbuthank you, I really appreciate the feedback. I have seen mixed info on the area. Has it changed (improved) over the last couple of years? It seems like what I am seeing could be a little outdated. What is the vacancy rate like? Any streets/areas to avoid?

0 Votes

Cleveland, Ohio

All Forum Posts by: Nick Allison

Nick Allison has started 1 posts and replied 14 times.

Post: Financing a flip

Post: Ideal Population Size?

Post: Chico, CA Real Estate Agent

Post: Cal state university chico

Post: Cal state university chico

Post: US Treasury I - Bonds . Who knew?

Post: US Treasury I - Bonds . Who knew?

Post: Building wealth w/ 4 rentals in San Jose.

Post: Questions for investing in Cleveland, OH

Post: Questions for investing in Cleveland, OH

Nick Allison has started 1 posts and replied 14 times.

Biggerpockets Logo Post: Financing a flip

Biggerpockets Logo Post: Ideal Population Size?

Biggerpockets Logo Post: Chico, CA Real Estate Agent

Biggerpockets Logo Post: Cal state university chico

Biggerpockets Logo Post: Cal state university chico

Biggerpockets Logo Post: US Treasury I - Bonds . Who knew?

Biggerpockets Logo Post: US Treasury I - Bonds . Who knew?

Biggerpockets Logo Post: Building wealth w/ 4 rentals in San Jose.

Biggerpockets Logo Post: Questions for investing in Cleveland, OH

Biggerpockets Logo Post: Questions for investing in Cleveland, OH

Post: Financing a flip

Post: Ideal Population Size?

Post: Chico, CA Real Estate Agent

Post: Cal state university chico

Post: Cal state university chico

Post: US Treasury I - Bonds . Who knew?

Post: US Treasury I - Bonds . Who knew?

Post: Building wealth w/ 4 rentals in San Jose.

Post: Questions for investing in Cleveland, OH

Post: Questions for investing in Cleveland, OH