All Forum Posts by: Scott Scoville

Welcome to NorCal Real Estate Mastermind, at Device Brewing Company at their Pocket/Greenhaven Location!

This group focuses on networking and business strategies in the real estate industry. We create a supportive environment where professionals can discuss business strategies, property investment, referrals, group investments, and entrepreneurship in the real estate field.

Members will gain insights into business development, strategic planning, and how to effectively invest in real estate. Whether you are a real estate professional or have a keen interest in this industry, join us to expand on your skillset and meet likeminded industry participants. New, intermediate, and experienced professionals are welcome.

Please arrive hungry and thirsty, we encourage event participants to patronize the venue for kindly opening up their space to us!

For this event, Russell Marsan will be presenting on 1031 Exchanges. Russell is a Senior Vice President with IPX1031 and has been doing exchanges for over 27 years. IPX1031 is owned by Fidelity National Financial (NYSE: FNF) and is the largest Qualified Intermediary in the Nation.

https://www.ipx1031.com/locations/name/russell-marsan/

This event will be recurring on the first Wednesday of every month from 6PM-8PM. Moreover, we will have guest real estate industry speaker(s) and/or panel of speakers at each event.

Co-Host: Noah Laker is a local real estate broker and investor with over 100 property listings on Airbnb and VRBO. He is one of the youngest brokers in the state of California.

WISHSTR.com // HardinPM.com

Co-Host: Scott Scoville is a local real estate investor and salesperson with keen attention for detail and artistic process. His extensive track record of successful flips as well as buy & holds makes him a valuable resource for investors new and old.

Scovilleri.com

Quote from @Leanna Nixon:

Hi! We are hoping to buy a home in Sacramento in and up and coming area that would have good appreciation potential. My understanding is that Tahoe Park, North Oak Park and West Sac may be good options but wondering if anyone has any better insights here. Thanks. 

Hey Leanna,

Yes, I've bought and renovated 5 homes in Oak Park. My first residential home was in North Oak Park on 2nd Ave., where we raised our kids. Tahoe Park is great for families and a solid neighborhood, but has limited supply. I'd love to connect and chat more about the different neighborhoods and hear more about what your goals are. 

Hey Sam,

Real estate investing is great when you want to get rich slowly. Be cautious if anyone tells you that buying for cashflow or flipping will get you out of your W2 overnight. While it's possible, it is risky and doesn't always work. Have you thought about changing W2's and getting into another profession that may be a better fit for the medium term while you're building your real estate portfolio. I am an investor and agent who works exclusively with investors. I typically recommend strategies that are conservative in the short term, but has major long term gains. Buying a fixer upper SFH, adding value or renovating, raising rents, and holding for a few years. Rent growth x debt paydown x equity gain x tax incentives creates major wealth over the long term. Buy a property a year, and within 5-10 years the snowball is in motion. I bought and renovated a house in Sacramento 10 years ago, and it's worth 3x from when I bought it. The power of compounding. Stay the course my friend and let me know if you'd ever like to chat more about this. We also have a meetup this Wednesday in Sacramento if you're interested. DM me for info.

Hey Hugo,

Congrat's on starting your RE Investor journey. I'm a local real estate agent and have investment properties personally. I'd be happy to connect. I'll DM you. Looking forward to connecting.

Quote from @Carlos Ptriawan:

It is very interesting to analyze where the Californian from San Francisco/San Jose/Los Angeles is moving around.

They're typically movig like this, I only include significant movement onlly:

1. San Francisco -->

      ___Sacramento (Huge) --> Sacramento / Fresno (insignificant)

      ___Los Angeles --> Las Vegas / San Diego --> (not much  migration from LV/SD)

2. San Jose -> 

......Sacramento (Huge) --> Fresno (insignificant)

3. Los Angeles (Huge) -->
.....Las Vegas / San Diego --> stay in San Diego

So the city that became the final destination is always :
1. Sacramento
2. Las Vegas
3. San Diego
4. Fresno ( a bit )

It's understandable that in the first two cities, there're more housing supplies hence the housing price is still bit more affordable than source city where people is leaving.

Yes, seeing so many LA and Bay Area buyers in the greater Sacramento area. Great news for the Sac market!

Hey Matthew,

Interested. Just DM'd you:-)

Quote from @Ramki D.:

Hi Landlords,

I'm having trouble finding insurance for my California rental properties. Most companies aren't taking new policies. Any tips or recommendations for getting coverage in our state?

Thanks,

RK

Hey Ramki, I'll send you my insurance brokers contact info. He insures all of my properties in Sacramento.

Quote from @Lei Li:

Hi BP experts, I’m a busy professional in the Bay Area, trying to get into property investment. I don’t have time for all the house flipping or maintenance, so most likely just want to get a rental property to provide another stream of income. If there’s appreciation that would be great too. I was looking between OH, TX, FL and some cheaper areas in CA. What do you recommend for someone like me? I have a budget of less than 500k. 

Hey Lei,

Congrat's on starting your RE journey! I'm an investor and agent in Sacramento, and work with a number of bay area investors. Sacramento may not produce as much cash flow as the midwest, but it's a solid job market, produces high rents, low vacancies, and price points are reasonable compared to much of CA. If you're ever interested in chatting more about the Sacramento market, don't hesitate to reach out. 

Hey BP, if you're interested in investing in Sacramento, don't hesitate to reach out with any questions. Please let me know if I can bring value. I'm a real estate agent and investor in Sacramento with 10 years of experience. Looking forward to connecting. 

Hey BP,

Currently looking for value add, vacant or occupied, small multi family properties in the greater Sacramento area. Please DM me if you have anything available. Thanks!