All Forum Posts by: Nicole Masters

Meetup Link! Come join us on Wednesday, February 7th as we hold our monthly REI Meetup at THE UNION in Old Town Roseville.

RSVP your spot here --->  Meetup Link

This month's guest speakers is fellow local Real Estate Investor, BRRR method expert Tommy Christy!

About our presenter:
Tommy Christy is an experienced fund manager with current investment activity across multiple states, products and development opportunities. He is here today to connect with investors and be part of their Real Estate stories and success.
With over 20 years of foreclosure experience and 1,000+ deals his activity levels are matched by few Northern California operators around. His creative branding with iLoveHouses.com and other advertising fruits leads and opportunities that fuel his acquisition strategies.
With 20+ current flips/turns this meeting will lead to deep dive discussion on how he is acquiring properties both locally and nationally through Advertising, Wholesale, Broker Relationships and active foreclosures and chart of the charts creativity!!
One major differentiator between Tommy and other investors is his direct hedge funds investment management play with Invitation Homes (INVH). As Regional President for the biggest player in the market he learned quite fast how institutional players think, act and maximize the dollar invested. The INVH play was an entirely new platform built to place billions of dollars of investment capital on assets trading far below their replacement costs and previous valuations.

His current projects and funds launching Regional Equity February 2024 to leverage his ability to acquire distressed assets and stabilize them as BRRR hold opportunities and market Buy/Fix?Sell opportunities. Tommy and his family live in Placer County and are most active around those surrounding markets. Get Excited!

As always, there will be ample time to Network and continue building your REI Dream Team. Important - Please be sure to come hungry and thirsty in support of the great local business that generously provides us our space. See you at The Union!

 I use Avail.co and have really liked it so far!

 I meant your network is your networth, hopefully you knew what I meant haha. Anyway please feel free to reach out if you end up planning on going as I'm often there :)

 Best of luck to you! You got this! :)

 I'm excited to see your growth! Our instagram is @househacking_masters if you want to connect on there! We're super accessible and always happy to answer questions and are very open in the sharing of our journey! :)

Hey Jack! First of all, I am so sorry for your loss of a family member. Second of all, congrats on the savings! That's a really impressive amount of money to have saved at such a young age. Third of all, what a good question.

I grew up in Oregon and hated the weather with a passion. I always wanted to live in California, so when I got the opportunity at 22 years old to move for work down here I jumped at the chance. I LOVE living in California and am so glad I didn't spend a second longer than I did being miserable in a state that I didn't feel was a good fit for me any more.

We ended up buying a single family househack 4 years after moving to California where we still live as I type this. Living in the home has helped us save on our monthly mortgage payemtns and we've been able to buy Airbnbs because of it! 

I turn 30 years old this year and as I'm starting to reflect on my 20's I am soooo grateful that I made the decision to say "f**k it" and take a huge risk in moving to an expensive city not knowing what the future held.

You're still so young and there's this constant battle I feel like people that are young AND responsible like yourself go through. Which is; deciding if you 1) sacrifice now, to build yourself a better future, or if you 2) take advantage of your youth (considering you will never be this age EVER AGAIN) and do what makes you truly happy.

I think there's a balance you can strike between those two things, and it starts with you living where you want to - because weather makes such a huge difference on our happiness, joy, productivity, and overall quality of life. BUT if you move back to California, consider buying something, even if it's a 2 bedroom condo, and rent out whatever extra space you have to a roommate. This will kickstart your home onwership AND landlording career at the same time!

I know this is super lengthy response, but your question really struck a cord in me (in a good way) and I wish you the absolute best in whatever path you choose! :)

Congrats on taking action at such a young age! That's very admirable.

My two cents would be to keep what properties you can, the 2nd house sounds like an issue of a bad renter and not a bad house itself. This lesson feels hard right now because you're actively in it, but you will be super happy with yourself once you're able to turn the tenant over to a better one, and you did the hard work of pushing through a tough learning lesson. I've had bad tenants in our house, and it felt like the end of the world giving them a notice to leave, but once they were out of my life I felt 100x stronger and lighter!

I can't speak on the 3rd house because I don't know the market. Are there other investors, realtors*, or property managers you can chat with that are local to that area and see what their read on the place is?

* Be careful of asking realtor's opinions though as they could encourage you to sell it just to get the listing... (speaking as a realtor that would NOT do this, but has come across plenty that would)

Again, congrats on your success and I can't wait to see what other great things you accomplish! :)

Hey there Santino, welcome to the investor world!

I know you said you travel back and forth, but there are some really awesome Real Estate Investor meet ups here in Sacramento that would be super beneficial for you to attend if you're around! I've met some awesome people at these meet ups and find them really valuable. Especially if you're a begininer! It sounds cheesy, but your network is your network!

1) Capital Wealth Builders Meetup - 3rd Wednesday of every month

2) Folsom Out of Bounds Meet up - 3rd Thursdays of every month

3) West Sacramento Meetup - 4th Tuesday of every month

4) REI Connect @ Roseville - 1st Wednesday of every month

Please let me know if you plan on going to one as I'm often there and would love to meet you in person!

Looks like you've gotten a lot of great feedback, but I'll throw my two cents in as well. A lot of it has to do with your personal preference as well as where you live. We chose to househack a single family room by just having roommates as opposed to buying a duplex because I personally love the way a SFH neighborhood is compared to MFH neighborhoods (generalizing here of course). We also liked the way a SFH appreciates over time vs a duplex.

Hey there! Great question! My husband and I started househacking 3 years ago (both in our mid to late 20's at that time) and we use a rent by the room strategy, meaning we live in one of the bedrooms and rent out our other bedrooms. So essentially our roommates pay our rent.

This strategy breaks about even for us at this time, but we kept looking for more househacks and once prices went up we weren't able to get a house that would even break even for us. If we were just starting out, this might have still appealed to us as it was a way to get our living expenses down while owning an asset. However we used the money we've saved from having roommates to buy more Airbnbs so we weren't in a position to take on a loss by buying another househack.

BASICALLY what I'm trying to say is that even if you aren't making money on a househack, it can still be a great way to get into a property, start building equity, and learn how to become a landlord, as long as you aren't losing more money than you can afford to monthly! :)