All Forum Posts by: Sergey Tkachev

@Jojo Rico it was a great meeting, turnout was great! Hope you can make it to the next one in June, will post it up here on BP

@Nicole Masters Looking forward to seeing everyone as well!

It is time for our first IN-PERSON meetup since our last one 13 months ago!

This will be an open-format meetup focused on networking where we can talk about what's happening in the market, analyze deals, address questions and share our experiences with each other.

Join us at Kick'n Mule - they are generously giving us a space that we can use. No fee for attending but everyone is highly encouraged to support the business and order food/drinks.

https://www.meetup.com/West-Sa...

@Chou D. - gauging asset appreciation is more of an art than a science, especially in the current market. Sacramento is generally on an appreciation and strong growth trend but you have to look at the fundamentals and understand why that is and will it continue. And you will likely come across different experts with differing opinions and the reason is that no-one can truly forecast the future. So on the one hand, betting only on appreciation is a gamble (and that's why I mentioned that you need to determine whether you can survive a market downturn) but on the other hand, you can use market and economic trends to get a certain "feeling" of where the market will be in the future. The fact that there is great demand for the Sacramento housing is a good thing for prices, the question is where will it be in the future?

@Alex Cueto, awesome, great job, thanks for sharing!

@Alex Cueto awesome, great location, congrats! I'm curious as well if this was off market and how you acquired it

@Rich Conley are you looking for financial advice related to real estate or more of a traditional sense? Many financial advisors will consider themselves to be investor friendly, the difference may be that everyone's definition of "investor" may different.

@Alex Cueto that looks like an awesome deal, what part of Clearwater is it in?

Hey Armando, good to see your plans coming along! I just sent you a text :)

Hi Chou, welcome to BP! There is definitely an expectation for areas such as Rocklin / Roseville appreciate over the next 10 years. The answer to your other questions really depend on what your strategy, situation and abilities are. 

There are investors who buy for appreciation and don't mind negative cashflow in the mean time because they have enough resources to handle that. Other investors will tell you to never buy a negative cashflowing home.

You really have to find out what is the best approach for you and what your goals are, as well as what the opportunity costs are. 

New construction is generally (almost) maintenance free so management is easier than older homes. But you do have to expect to be involved and active in you decide to manage yourself. Finding the right tenants is key and can be the difference between an easy or tough experience.

If you are looking for cashflow, looking a small multifamily maybe something to consider as well

"The Book on Managing Rentals" by Heather and @Brandon Turner is a book you can start off with https://store.biggerpockets.co...