All Forum Posts by: Account Closed

Welcome @Nicholas Papiri!

I too found RE attractive because of the freedom it can provide. In many years to come LOL. 

I'm an agent based out of Sacramento. Feel free to contact me if you have any questions about the local market. 

Hey @Suresh Kannan!

What area of RE are you interested in? Or are you exploring all of the strategies as options? 

I am a local agent in the area - feel free to email me if you have any questions or comments about the market or want to explore potential here in Sacramento. 

Hey @Jesse Williams! Welcome to BP! 

What area do you want to house hack in? Budget? Will you be doing the work yourself? 

I'm a local agent in the area - feel free to email me. I would be happy to show you opportunities.

Hey @Andrew Gillings welcome to BP!

There is a local meetup next week in Rocklin at the Whitney Oaks gold course. It will be a great opportunity for you to meet other like-minded individuals. 

@David 

@David Oldenburg will be hosting it! 

Hey @Ryan Blake and welcome! I'm out in Rocklin but I cover all of the Sacramento area as an agent. I work with a few investors from this site and elsewhere. 

Well, I'd say you have a very big list there! LOL If I can offer any advice to you I'd say listen to the podcasts on those topics that interest you... but once you find yourself leaning towards one strategy really hone in on that one in particular.

If you try to learn anything and everything it may get overwhelming. There are so many things to learn about each specific strategy so I would definitely narrow your interest level - at least in the beginning stages. 

Are you leaning towards anything specific yet - like buy and hold, flip, or wholesale? 

Hi @Roxanne Lembke and welcome to BP! 

What areas outside of CA are you considering? Do you have boots on the ground there or would you fly there often?

It sounds like you have a few ideas, good luck! 

I'm a real estate agent in Sacramento and I can say that the rents near Sac State or junior colleges in the area are NOT unstable. I'm not sure why you think that? I haven't heard that one before.

There are opportunities here in Sacramento but it will all depend on your strategy and the quality of tenant you'd like.

Hey @Wendy Forbes

I'm a local real estate agent in Sacramento. For a short term or executive/corporate rental I would highly recommend buying in the downtown Sacramento area. Downtown is the most "urban" part of town and is where most everything is located like the state capital/ government jobs and nightlife etc. 

It may be difficult to cash flow there however because property values are higher... what is your model? Criteria? 

Feel free to send me a message and perhaps I can help you on your search.

Maybe listen to all the podcasts on wholesaling or flipping or marketing... as a wholesaler you will benefit from all of the information shared on those podcasts. 

I'm not sure what your background is, but as a wholesaler it will be imperative to understand rehab costs so if you're not already familiar with that aspect I would start looking into it. 

What is your marketing plan? Direct mail? 

This one is kind of hard to answer without having more information. What is your goal? Buying a multi-unit could be a good investment for you, long term. You will reap the rewards over the course of 30 years... unless of course it's totally run down and vacant. And you plan on rehabbing it yourself and getting solid tenants in it. And then selling it after you do that to get your cash back plus any profits you created. 

Buying a flip is a short term goal and will create a small amount of wealth over the near term. So you would put potentially the same amount of cash into it but you would get it back when you go to sell it in a few months or year. So you would have more cash on hand flipping a property as opposed to investing it in a multi-unit where it will sit for years. 

Of course, buy and hold investing creates the most wealth. Over a period of 30 years you should earn inflation rates at minimum but if you buy in a good area will reap appreciation too. 

People who flip properties are looking for a quick buck where people who buy and hold are in it for the long haul. These two strategies require different mind sets. I would first determine what your goal is, and then get a little more educated on the strategy you choose.