All Forum Posts by: Reymon Hernandez

Is she already working with an agent? 

Or is she looking to find something without an agent off-market or for sale by owner?

Call Jesus, he and his dad are the hardest working Landscape guys I have ever worked with. They are fair and do great work. They work on all of my properties and my client's properties. Tell Jesus, Reymon sent you. Sent you a PM with their number. Good Luck. 

@Wes Blackwell I love everything you post man. Thank you for sharing. P.S. I might have "borrowed" something you posted on a different post to share with one of my current clients. 

@Noel R. I am a local Realtor in the Sacramento area, I live in Arden and have family in North Highlands. I am also very involved in the Investment Community Locally and just analyzed a commercial 6-Plex for a client in North Highlands.  

I say all of that so that you know that my advice comes with a little bit of knowledge behind it. 

Overall, I like North Highlands, but you have to be careful how you invest in North Highlands, are you going to be self-managing? How active do you plan to be with the everyday activity of managing the home? Are you considering allowing section 8 renters or partnering with SHRA (Sacramento Housing and Redevelopment Agency)  https://www.shra.org/ Are you aware that a lot of families in North Highlands are on section 8, receive SSI or are on some sort of government assistance for their income. Now not all, but per capita, the number is a lot larger than in most areas of Sacramento County. I say this not to deter you from buying but to make you aware as an investor of the what you can expect. I have several clients that have great tenants on SHRA assistant and their properties perform better than others. But this is something you need to seriously consider as a potential investor.     

I would recommend that you speak with a property manager in the area and ask a lot of these questions. 

As for the question on the PBID or the Watt District, yes there are a lot of plans to revitalize this area and we believe the improvements will dramatically impact things on the Watt/80 corridor, and I would still encourage you to invest with the now in mind and not the future. Unfortunately, we have seen a lot of redevelopment money, redirected and not being used for their original allocation purposes, being that we are the State's capital Sacramento sometimes suffers when there are shortages and investing in future expectations could be costly.

However, this is just my pennies worth, (I wouldn't even call my two cents) but make sure you do your due diligence before you invest and know that a lot of us local investors that are trying to stay on top of the curve are looking at the same areas you are looking at, you just need to be careful how you invest in those areas. I wish you the best of luck in your decision making. 

-Reymon

@Veronica Sandoval call John at Real Property Management in Sacramento. He knows that area well and he will provide you with a Rental Property Analysis that will give you everything you need to know about rates, vacancy rates and such. He is a great guy, I have several clients in that area using Real Property Management and they are very happy. Tell John, Reymon sent you. Unfortunately, I cannot provide his number on here because of the BP's rules. If you want you can PM me and I can try sending it that way. Good Luck! 

@Veronica Sandoval I am a licensed realtor in the area and I work with many investors who I have found great property managers depending on their needs. I have a couple of great relationships with Property Managers in Sacramento, CA. I agree with @Wes Blackwell this is a very effective way to go and depending on your needs I can also guide you to the ones I use the most. Let me know.  

This looks awesome! Great job.

@Dain DaVirro @Paul Aguilar Good morning gentleman, I am a local Real Estate Agent here in Sacramento, I am also looking for small multi-family units as an investment option. I have been having a lot of the same issues you guys are having, so I have teamed up with one of my local Title and Escrow Companies here to have them send me a list of all of the 2/3/4 none owner-occupied properties who have a mailing address out of state. I am waiting for a list that includes, Sacramento/ Arden, Rancho Cordova, Fair Oaks, Carmichael, Orangevale and Citrus Heights. After a lot of research, I have found that these areas are the areas with the highest concentration of multifamily units that meet my criteria. If you have an area in mind I can ask my rep to add it to the list and I would be more than willing to share it with you guys. Let me know. P.S.- I have been a realtor in Sacramento since 2014 and just recently after a couple of successful years as an agent I have gotten serious about investing, all thanks to BiggerPockets as well. Let me know how I can be of help. 

Looking forward to this. Thank you, Al Williamson for setting this up. 

I am unsure as to why it doesn't either. It is a new flip and I wonder if the contractors just covered it up or something. Question is, why did the home inspector not catch it? Now I'm wondering if this something we need to reach back out to the listing agent/seller for since it is not in the disclosures either. Thanks for the feedback.