All Forum Posts by: Nicole Masters

Hi Hui! The laws of Sacramento county are pretty strict when it comes to STR, they state: "The short-term rental must remain an accessory use to your full-time occupancy. Under no circumstance shall the short-term rental services become the primary use of the property."

So it will be tough to find an area that you can do it fully permitted here.

You can read more about it here :) Sac County STR Rules

Hey everyone! Unfortunately we are having a 115 degree heat wave in Roseville and the venue is an outside event, therfore we are having to postpone our event at this time :( I will update with a new date!

Quote from @Neil Ginty:

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $382,500
Cash invested: $250,000

This was a duplex with a 4-car garage/workshop which had plumbing and power which we very quickly converted to an 749 sq.ft ADU! Holding costs were actually a 5% cash-on-cash return, the ADU just made it sing!

What made you interested in investing in this type of deal?

It would cash flow immediately and the 4-car garage was a very obvious and easy value add

How did you find this deal and how did you negotiate it?

MLS and an excellent agent who secured us the deal for $500 more than the next highest bidder. Ruben Haynes, Sacramento

How did you finance this deal?

Conventional for purchase
401k loan for construction

How did you add value to the deal?

Added a 2-bed ADU

What was the outcome?

Amazing cashflow (~20%) after a year of 5% cash on cash while "holding" it

Lessons learned? Challenges?

When you see a good deal, jump on it BUT have done the ground work of finding a superstar agent

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, Ruben Haynes, Sacramento - he got the deal over the line

 Hey Neil, congrats on a great purchase! I'm curious what part of Sacramento you purchased in? That purchase price is super low for the area (great job!) but I know some areas are a lot less expensive than others.

 We have a real-estate meetup in Roseville on Tuesday September 6th if you want to meet some local friends! DM me if you want the link for all the info :)

Come join us on September 6th as we hold our 2nd monthly meetup!

This month's guest speaker will be Derek Sherrell, an expert on all things ADUs and a former guest on Bigger Pockets episode 581. He will have a 30 minute presentation to share with us as well as answering questions at the end in a Q&A.

Can't wait to see you there! :)

Come hang with local real estate investors in the Sacramento area that want to chat about Short term rentals, flips, out of state investing, and more! This will be a casual meetup that is mainly network focused. Come have some good drinks and make some new friends! :)

Mitch Craighead and Nicole and Cameron Masters are local Real Estate Investors with intriguing backgrounds related to real estate. Meet your hosts and special guests as we discuss the current state of the market and strategies during this shifting market. This is a networking-based meetup that will provide a significant amount of time to connect with fellow group members!

We invite you to join this dynamic group of real estate investors of all experience levels! We are a FREE in-person REI enthusiast group focused on hosting live speaking and networking events on a wide range of topics including short term rentals, BRRR, house hacking, buy and hold, fix and flip, legal strategy, wholesaling, creative finance, market conditions and many more! Hosts and guests provide insight and share experiences with the goal of helping each attendee take their REI journey to the next level. Looking forward to seeing you here!

Hi STR friends!

After listening to a lot of different podcasts and discussing this with some friends, we've decided to change our Airbnb (located in Yucca Valley aka Joshua Tree) to pet friendly. We were getting plenty of requests for people to bring their dogs anyway, so we decided to make the change. Right now it's a flat $100 pet fee for one dog under 50 pounds and we said to reach out if they have another dog or a heavier weight dog. Our views have gone up significantly and we haven't had any dogs ruin anything - yet *knocks furiously on wood*.

Actually, our only damage is from a baby teething on our table and creating large scratches on it lol.

Curious to hear from other pet friendly airbnbs. What are your thoughts? How much do you charge?

Please no horror stories haha.

Hey Jon! North Natomas is a great area with rapidly increasing appreciation, I'm sorry to hear it didn't work out for you. It will be tough to cashflow with a lower downpayment, unless you're living in the property and renting it out by the room. Do you plan on moving in to the property or only renting it out as a whole house?  

 Amery, if you're willing to do a rent by the room househack there are a lot of really good opportunities in Sacramento! My husband and I do a rent by the room househack out of our single family house - we have 6 roommates but you don't have to be that extreme obviously haha. We make $4,375 in rental income monthly from our rooms, but share living space with everyone. It's worth it to us! It is also significantly easier to find a single family home than multi-family in such a competitive market.