All Forum Posts by: Si L.

@Matt R. That's a good point about minimum wage in cali. I don't see it mentioned much. But that's one of my reasoning for keeping my properties rather then selling. I think this will likely benefit the lower income regions more In the near term. 

Good discussions overall. 

I've been in Sac for about 4 years so I do not know all the areas yet and some nice places are probably left out. But places I suggest to look for a primary residence would be Elk Grove, Downtown/Midtown, Land Park, Green Haven, West Sac,  Roseville, Folsom. There are more tech jobs in Folsom and Roseville if that's important. You'll find newer communities in Elk Grove and West Sac. All these are great neighborhood you can settle down with a family.  I suggest spending some time here and driving the neighborhoods to get a feel for it. 

If you're looking to house hack, I'm assuming your goal is to eventually turn it into a rental?  Then you'll be looking at less desirable neighborhood. 

This might be contrary to what a lot of people in BP believes. Why not buy your primary with a FHA loan first? Your mortgage will likely be cheaper here then what rent is in the bay. You'll be able to save up, network, and look for your investment property while you're local here and learn the market. Investment properties are in high demand here and there's lots of competition.

Good Luck.

I always think about this one. And there's too many regrets to list. Here's my top 3 1) could have bought a 2/1 in San Jose REO for $210k at the bottom of the market. Had an offer accepted but decided to make the move to sacramento instead. Needless to say it's worth much much more now. 2) skipping on a 4 plex for $190k. My offer was $160k. They countered with 190k and I said no way. Lol. That cash flow alone looks pretty good now. 3) my biggest regret was not buying more in 2012. Big banks I talk to say they only do 4 loans. I didn't know about BiggerPockets back then or to think about talking to smaller banks. I could have been out of the rat race already if I continued buying.

They converted my HELOC to a HEL during the recession. But I'm also curious as I'm also shopping for a HELOC.

@Jonathan Boek

Wondering if you could share what you found? I'm looking for CPA recommendation around the Sacramento area as well  

Definitely interested if I'm in town. 

Originally posted by @Al Williamson:

Alright! Sacramento MEETUP,

Thursday, October 22, 2015

at Capsity,

2572 21st Street,

Sacramento, 95818

6:00pm to 8:00pm

I was really looking forward to go. But that's the one day I can't make that week. Hope to make the next one. 

I'm still pretty new with biggerpockets. Been listening to the bp podcasts and became a fan. I own 5 sfr rentals currently and hoping to get into more. Let me know the meetup dates and I'll make it if I'm not out of town.

Hi. Wondering if anyone has a real estate lawyer they recommend in the sacramento area at a fair price? I need help drafting a contract. Thank you

thank you everyone for your responses. Very informative. I think I know how to take it from here.