All Forum Posts by: Osazee Edebiri

 Hey Saj,

If you know something, I don't I definitely down to learn more. I read your profile and based on your experience we are definitely at two different points in our investment careers, and my applause goes out to you. 

Questions -- when did you purchase your last property? Are you getting these 2% deals off MLS, if so what do you look for? Describe your last deal

I live in San Jose, so I not only know Northern California well, but I also know Sacramento well. 

This property must be in a D class neighborhood to be at that purchase price, I am guessing somewhere like North Highlands. So let's assume your numbers are sound, although I also think the rent estimate is high for the presumed area. I am not a numbers guy yet, so I will leave that alone.

While I like Wes' suggestion to ask neighborhood rents by door knocking, assuming my guess is right about the area, you may not want to knock on all the doors in those areas unless you are prepared for some roughness. 

Also you need to make sure your property management company specializes in filling vacants in that area because if they don't you will have to do it yourself or expect to be vacant for awhile. 

Everything else aside, Sacramento is supposed to be one of the best areas to purchase because of the mass genertrification and migration of Bay residents to a more affordable market. 

If your numbers are even close, I would say it's a good deal since you can expect it to appreciate. You just need to make sure you can fill the vacants.

Also, to touch on your earlier post, I am working on closing a Triplex in Oakland and have seen a lot of properties. 2% rule is non-existent in our land.

 Thanks I appreciate the information guys!

I would be interested to know where investors believe the best areas to purchase multifamilies (2-4 units). I am in California, so I would to know in this state first, but I am also interested in out of state. I would like to hear some success stories.

If you have done so, please give your example. Thank you