All Forum Posts by: Stephanie Garcia

I am looking to live in one side. Rents in the area for a two bedroom are about 950 to 1000. I searched craigslist and other rental websites. I would expect the tenant to pay gas and electric and trash and water. Or I would at least include in the rent amount trash and water. For the most part our trash and water in Sacramento county is a flat rate. The AC and heater would need all the duct work.

I will definitely look more into the expenses and the calculator. I appreciate the feedback.

Thank you,

Stephanie

Hello All,

I am considering this deal for $238,000. It is a duplex in a pretty nice area of Sacramento, CA. One unit has 3 bedroom and 2 baths. The other has 2 and 2 and it is rented for $850 which is kind of low. It could use a little work. Maybe after repair value would be $300,000, but that is kind of me hoping. In one of the units the kitchen sink would need to be moved back because it is really close to refrigerator and stove making the kitchen tiny. The one unit I was able to look at needs central heating and air. I am not sure how much that typically runs. I am pretty new at this. Can someone help me with the numbers I should be looking at or thinking about when going into this deal? One that is stopping me right now is having to put down a 15% down payment.

https://www.redfin.com/CA/Sacramento/5101-Coppersmith-Ave-95838/home/19207176#!

I appreciate all input. Have a great day everyone.

Thank you,

Stephanie Garcia

Hi all,

I just thought I would share. I have been taking the first few steps. Talking with real estate agents and lenders to acquire my next residential property. I spoke with a Broker yesterday in the Sacramento Area. She says, "wow sounds like you are on the right track." I said, "Yes, thank you. I have been listening to these podcasts on biggerpockerts.com." I then proceeded with asking her if she has heard of it and she says No. This is an older women who has been in real estate and investing for over 30 years. So I proceed with telling her a little more about the forums and the podcast. She was excited she said she was going to check it out. I thought pretty cool to promote the site I have been using to learn.

Thanks for reading,

Stephanie Garcia

How can you get a refinance loan if you paid for the house in cash? I was recently trying to refinance my rental property and it did not seem to be very helpful.

Very interesting. I generally accept cash. I have been looking for a way to make it more automatic.

Thank you all,

Stephanie Garcia

Welcome, sounds like you have and interesting story.  I live in Northern California so if you're ever looking up here let me know. 

THERE IS A HOUSE NEXT TO ONE OF MY PROPERTIES. IT HAS BEEN VACANT THE WHOLE TIME I HAVE OWNED MY HOUSE, WHICH IS ABOUT 3 YEARS. I LOOKED IT UP AND IT HAS BEEN OWNED SINCE 1979. IT'S NOT ON THE MARKET BUT I AM VERY INTEREST IN BUYING IT. I WANT TO KNOW HOW I CAN FINDER OWNER'S CONTACT INFORMATION. DOES ANYONE HAVE ANY SUGGESTIONS ON HOW TO GO ABOUT FINDING THIS INFORMATION?

THANK YOU,

STEPHANIE GARCIA

Hello all,

I am a new member. I have been researching real estate since I purchased my first house in 2012 but more recently listening to books since last September. I have a real estate agent I like working with, do I keep the same agent throughout my investment endeavors? I am trying to buy another house or duplex to have as a rental property, am I supposed to contact a normal mortgage lender? I don't have much cash for a down payment. Please advise.

Thank you,

Stephanie Garcia