All Forum Posts by: Nirmal Dhillon

Hello Nupur,

I have been an Investor in this area since 2002. I own several properties in Sacramento region. It has gotten very hard to cashflow in this area and majority of California. I started investing out of state since 2021. Much better cashflow and Landlord friendly environment than California. I would stay away from negative cashflow unless you have enough reserves for at least 9 months.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $108,000
Cash invested: $108,000

Still held in long term portfolio.

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

First Home buying process.

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

From Builder.

How did you finance this deal?

Conventional fro builder lemder.

How did you add value to the deal?

Purchased brand new.

What was the outcome?

Negotiated with Builder to bring price down about 15000 from asking

Lessons learned? Challenges?

This first home turned into a solid foundation for multimillion dollar portfolio.

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

No