All Forum Posts by: Scott Scoville

Hello All,

I am looking to buy Rental property SFH (new build homes) , in range of 550k-660k 2200-2660 sft.

I scotted Roseville, RanchoCordova and Elkgrove.

Rancho-> Has many new builts and cheaper compared to other areas, at same time many rentals available . 

Elkgrove-> Has decent new builts , rentals are less but builders are not ready to bargain

Rosevilee -> This has 3 pockets

.   -> WInding creek- Good schools, costly good rents

.     -> West brook-> Decent schools, medium range, decent rents

.    -> Sierra west-> Bad schools,builders ready to negotiate, rents are not that great

Any advices, pointers on this .

Thanks

Im newbie in real estate investing. I’m living in Bay Area where finding deals that generate cashflow is impossible. Any advice where to invest?

Hello folks, I'm new to the forums and thank you in advance for your thoughts. My spouse and I purchased a home in Nov 2023 (that we will move into in about 1.5 years), that has an additional 2 bedroom apartment and 1 bedroom studio on the property. We are renting all 3 units currently, while living in another home that we co-own with a friend. It's in the Grass Valley area, CA, about an hour north of Sacramento. 

We have been considering opening a Real Estate LLC to support with this and possible future investment interests. The questions I have so far:

1. If we opened the LLC, would/could we transfer the ownership of the property to the LLC?

2. What would be the logistics of that if so?

3. Are there notable pros/cons to getting the property under an LLC compared to regular homeownership (us)

4. What else should we be taking into consideration here if anything?

Thank you!

Hello, my name is Joseph and I’m am an aspiring investor looking to purchase my first rental property in 2025. I live in the sf Bay Area but am looking to invest in the sacramento area and was hoping to talk to someone who has done this and could share some knowledge. Any help or advice is welcome and greatly appreciated. 

I’m an 18-year-old aspiring investor with a goal to build wealth in real estate. I’ve decided to start with rental arbitrage, given my tight budget. I’m focused on tourist-friendly areas (Bay Area, North Tahoe and primarily Sacramento) I have a few apartments interested in learning more about my plan. My challenge is that I’m struggling with figuring out if a property will be profitable or not, even though I've done research on sites like AirDNA and tried to analyze multiple factors.

where Im stuck: 
1. Occupancy Rates: How can I accurately estimate average occupancy rates for these areas? I’ve looked at Airbnb listings, but it’s hard to tell which ones represent long-term averages.
2. Monthly Expenses: I’m accounting for rent, utilities, and cleaning supplies, but are there other hidden costs I should consider? Any budgeting tips would be super helpful!
3. Expected Nightly Rate: What’s the best way to estimate this without over- or underestimating? 
4. Breakeven Analysis: I’ve read about calculating my breakeven occupancy rate, but I’d love to know more about how others in rental arbitrage set up and interpret this analysis.

If anyone has a process or checklist for analyzing potential arbitrage properties, I’d really appreciate it! Thanks in advance for any advice or insights.

Im newbie in real estate investing. I’m living in Bay Area where finding deals that generate cashflow is impossible. Any advice where to invest?

From this groups experience, what sort of "gut checks" do I need to make to make sure I will qualify for debt on my first Apartment Acquisition? I am working with a partner but we are in our late 20s, loan sizes are probably under $5M. Is this feasible for us to qualify? And if not, how can we mitigate roadblocks?

Thanks!

Does anyone have any recommended General Contractors in Sacramento for Multifamily renovations? 

Includes Cabinetry, Flooring, paint/drywall, countertops, and new appliance installation.

Just started, selling off market fixer uppers to investors in SoCal. Also have active listings all over California. Looking forward to making connections.