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All Forum Posts by: Taylor Steenburgen

Taylor Steenburgen has started 3 posts and replied 5 times.

Quote from @Brooklyn McCarty:

Does it have to be CA? Have you thought about pivoting to a different market at all? 

I live in the greater Sacramento area and was looking for a market within 3 hours driving distance. It does not have to be California, I would be open to other markets but thought I would start out close to home first. 

Currently I am in the market for a short term rental. I am having a hard time getting over the initial hurdle of buying my first one. The problem I am having is finding an affordable short term rental market that doesn't have lots of restrictions. Does anyone have any recommendations as far as affordable str markets in northern CA? Any help would be great. I've read several books, done a lot of research, own one multifamily long term rental, and am just having a hard time finding my entry point into the STR market.

I’m looking into a property that has month to month tenants and the rents are under market rent by about $300-400. What is the best way to get rents up to market value with the current laws in California? 

Quote from @Kushaal Malde:

Get on email lists: wholesalers, active agents etc. Have your financing secured whether it's cash, hard money or conventional. Follow up and be consistent! Could also call For Rent signs and ask if they are interested in/have considered selling. 

Thank you for the advice. 
How do I find local wholesalers? 

Looking in the Sacramento area for multifamily rental properties and having a hard time finding ones that cash flow. Ones that do cash flow are bought quickly. Any advice for the Sacramento market? Also any advice on percentage figures for Cap Ex and vacancy specific to the Sacramento area?