All Forum Posts by: Richard Goore

I've been to a couple REIA events in the area. One is in Roseville with David Oldenburg called Flipping Academy and the other is just starting again after a long hiatus. I have been to another a couple times called Real Estate Round Table. I just got an email for that one I can share. I'm out of town. Best way to reach me is via text on my cell (see signature below. I'll be at my flip tomorrow (Friday) for a chunk of the afternoon if you want to see it.

One of the other comments nailed it, saying to do your research and be conservative with your numbers. That being said deals seem to be starting to pop up a little more.  I just picked one up from a wholesaler and felt I got a good deal. I’m a local agent here in Sacramento so I’ll be selling it myself and also doing a bulk of the work with my investment partner. Would be harder to flip in the area if you’re hiring everything out, I would think. harder, but not impossible. I got lucky in finding this one but I think with a little more work deals can be found. Happy to talk through this one if you’re interested.   

Quote from @Garrett Ayers:

Interested in investing in MF properties in the Sacramento area, but don't know too much about the market. Which areas are best for cash flow? What areas should be avoided do to high crime? Etc. etc.

Hi Garrett! I am an agent and Sacramento native who has lived here all my life. The answer to your question is, it depends. Are you open to a phone conversation to get a better understanding of what you’re looking for and you’re investing interest? Or are happy to chat and share my knowledge. if we connect, I’d love the opportunity to work with you. If we don’t, that’s OK too, as I’m happy to share the information. 

Hi Christopher!  I would recommend Lake Vue Electric. They have done work for me personally and I refer them to all my Clients when needed.  
(916) 988-0271

Following.  Very interesting.  Thought about something similar with a clients property near UCD but didn’t pursue.  

Hi Dan!  I just noticed this post stream and would love to connect and talk further about this project.  This type of thing has been on my radar and I’d love to learn from your experience. 

Quote from @Dan Sundberg:

@Colleen Chen - ah thank you for reminding me, I need to update this post! Yes, the project finished about 5 months ago and it went really well. I did the process as an owner-builder and so I worked directly with the planning and building department to get the plans signed off (first time doing this, it' wasn't too bad). I had my contractors though pull specific permits and meet with inspectors during construction. 

The only specialists I worked with were Housable.com who creates semi-custom ADU-specific plans. They were awesome and a bit part of the reason working with the city to get the project approved was so easy.

Your questions are all great ones...and it would probably be easier to talk through that on the phone...if you send me a DM I'd be happy to set up a call. 

Here's the link to the finished and furnished project. I'm really happy with how it turned out - https://www.furnishedfinder.co...

I have an STR in Lake Tahoe area. We shopped around and found all the property managers in the area were between 25%-35%. That was too much to simply give away. We decided to try Evolve Vacation Rental. They charge 10%. I live in Sacramento (2 hrs away) and figured it was worth a try at first to see if it could work for less than half all the others we found. If there was ever an emergency I could zip up there to rectify any issue. It has been just over 1 year and Evolve has worked out great. They have local "recommended" cleaners who can act as the local contact as well (ours does). We have not had any issues at all with Evolve or the cleaner/local contact. I think she could have her team clean a little better but we haven't had anyone complain. They manage our listing on AirBNB, VRBO and Booking.com. I would imagine they are achieving better rates with their algorithm than we could guess at or what the rental actual sites suggest. We get notified if there are any guest issues by either Evolve or our local contact/cleaner and it's up to us how we want to follow up. It is a condo so the outside o0f our unit is managed by the HOA.

I am not sure if we have been lucky or if Evolve works like this everywhere.  For what it is worth, our unit was completely remodeled and set up right before we started renting so everything was new.  Happy to talk further with you or anyone about it.  

Hi Karla. I’d recommend Grow Property Management.  I recommend them for all my clients and they do a great job.  Msg my friend Kyle (Owner).   let him know I sent you! Happy to help if you need anything else In Sacramento.   

growproperties.com

Quote from @Scott Schuhwerk:

Hi @Joseph Goode I didn't see any responses on this so I wanted to see if anyone did get back to you via PM as I am interested in this topic as well. I have a STR in Truckee that has done very well and I am looking for another STR, was thinking of the Sacramento market but I hear conflicting info on the permit process and the ability to rent it out for more than 90 days a year as a STR.

Interested as well for the same reasons.  Haven’t had a chance to research STR permits in Sac yet but writing offer for a unit today.