All Forum Posts by: Account Closed

Hello,

My name is Oliver and I'm currently seeking an agent to connect with that's operating in the Sacramento area, that's familiar working with investors, to help me locate a multifamily unit for my first rental property. My plan is to live in the smaller unit and to create positive cash flow by renting out the others under the guidelines of the 2% rule if feasible. I have been researching and building my education in real estate the past several months and believe this would be a great chance for me to begin acquiring experience as a landlord as well as a way to begin my investing career to create long term wealth. I have my finances in order and can roughly afford a $40,000 down payment.

If anyone else is familiar with or has experience purchasing or holding duplexes, triplexes, and rental properties in Sacramento, I would love the opportunity to connect with you and hear your insight and discuss the area.

I'm not local or native to the Sacramento area so there are some gaps in my knowledge that I am still looking to fill, but several of my friends and colleagues have recommended me to avoid "battleground" areas such as the Arden area and Oak Park. I'm hoping to avoid rougher areas to minimize my risk for property damage and vandalism. Anyone have knowledge on appreciating neighborhoods or areas they would recommend? Additionally, from my research it appears that rents are going for around $400-600 per bedroom and duplex 2b/1br rents are generally within the range of $600-$1,200 on properties priced around $100,000-$200,000 which seems to make the 2% rule nearly impossible. I am hoping to make the numbers work to at the very least to be able to live in one unit for free with positive cashflow left over using the rent to cover the mortgage payments and holding costs. Is this a realistic expectation? And if not, how should I modify my criteria?

Thank you for your time and consideration.

Hello,

My name is Oliver and I'm currently seeking a realtor to connect with that's operating in the Sacramento area, that's familiar working with investors,  to help me locate a multifamily unit for my first rental property. My plan is to live in the smaller unit and to create positive cash flow by renting out the others under the guidelines of the 2% rule if feasible. I have been researching and building my education in real estate the past several months and believe this would be a great chance for me to begin acquiring experience as a landlord as well as a way to begin my investing career to create long term wealth. I have my finances in order and can roughly afford a $40,000 down payment. 

If anyone else is familiar with or has experience purchasing or holding duplexes, triplexes, and rental properties in Sacramento, I would love the opportunity to connect with you and hear your insight. 

Thank you for your time and consideration in advance.

Thanks Chris, my sincere thanks. I just sent an email your way.

Hello BiggerPockets Community,

Does anyone have any recommendations for an investor friendly general contractor in Vallejo, CA or the greater Solano County area? I'm looking for one for my upcoming fix and flip projects and will be frequenting the local Home Depot there soon to inquire for business cards and do my own screening, but wanted to check in with the community first. Anyone have a good past experience with one, or even a bad experience so I know who to avoid? 

If anyone also knows of anyone that's actively doing flips or rehabs in that area that would also be incredibly helpful as well.

Thank you in advance for your time and consideration.

Thank you J Scott for compiling this all together! Lots of invaluable information learned from these posts!

Hello Nick,

Another newcomer to the game with no formal educational experience in the field, small job history, and the similar anxieties you've expressed yourself. What has uplifted my spirits however is the encouragement and support offered by the community as well as the wealth of resources available on this website. I have not encountered such a welcoming community to new members on a forum in awhile and am glad to be apart of it.

I'm still very green and biased with that instilled college can do spirit as a recent graduate, but I've managed to reconcile my nerves and fears by allowing them to drive me to learn and absorb as much as I can so that I can overcome them and walk confidently into my first investment. As long as they aren't paralyzing, maybe nerves and fear can be cognitively reframed as a good thing so long as you use them to motivate your pursuits and continued learning. It reminds me of an old adage that says something along the lines of you can't control what happens to you, but you can control how you respond to it. Adopting a growth mindset rather than a fixed one can also be a good perspective changer.

Best wishes to you on your pursuits and here's hoping we'll both be in much more confident states of mind in the next few years!