New to Real Estate. Nice to meet you, I'm Eunice!

Member since 2023 · 1 post · 2 votes

Hi BP,

New member here and looking to invest in the Sacramento area.

I'm currently residing in the Bay Area, working in the semiconductor industry (boring, I know). I've spent a year in Sacramento so I'm somewhat familiar with the neighborhoods and surrounding cities.

I have about 80k in liquid cash (not sure if this is enough) to put towards a flip. Any thoughts?

Any insight would be greatly appreciated!

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Scott ScovilleBusiness Member

Real Estate Agent · Sacramento, CA · Member since 2019 · 502 posts · 274 votes

Hey Eunice,

Congrat's on starting your RE journey! I'm an investor and real estate agent in Sacramento. $80k might work if you're funding with a hard money loan, as they typically require less down and also can fund construction costs. What type of properties are you interested in?

[email protected]415-933-2202

Scoville Realty & Investments LLC

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Jake AndronicoBusiness Member
Realtor · Reno, NV · Member since 2019 · 1k+ posts · 938 votes
3y
@Eunice Lee
Welcome to BP! You're in the right place.
Boring industries are typically some of the best, and you'll likely be conventional lenders dream if you've been working there a while.
Also, congratulations on saving $80K!! That's amazing.
I grew up in the Bay but now live and invest in Reno (fairly close to Sac). Sac seems like a solid market in CA with some similarities to Reno.
If you're looking to flip, I'd recommend learning from someone who has done many deals in that area. I know there are a few folks in here.
Best of luck and congrats again!!
415-233-1796
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Julio GonzalezPro Member
Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
3y
Welcome to BiggerPockets, Eunice!
561-253-6640
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Scott ScovilleBusiness Member
Real Estate Agent · Sacramento, CA · Member since 2019 · 502 posts · 274 votes
3y
Hey Eunice,
Congrat's on starting your RE journey! I'm an investor and real estate agent in Sacramento. $80k might work if you're funding with a hard money loan, as they typically require less down and also can fund construction costs. What type of properties are you interested in?
[email protected]415-933-2202
Scoville Realty & Investments LLC
Website View Page
1 Reply
Noah Laker
Real Estate Broker · Sacramento, CA · Member since 2021 · 518 posts · 408 votes
3y
Welcome to the community, Eunice!! :.)
So good to see you jumping into the market. I am a local broker and investor, and I manage over 100 STR properties (Airbnb). Sacramento is the most balanced market in NorCal right now for appreciation + cashflow.
I own 6 doors here and in escrow to buy my 7th. Sacramento til I die, baby!
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Sloane Kraftsow
Lender · New York, NY · Member since 2023 · 749 posts · 510 votes
3y
Welcome to the BP community Eunice! This site is an incredible platform that has numerous resources so definitely take advantage of it all. I'd love to get you started with your first flip property.

Would love to connect.
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Gordon CuffePro Member
Investor · Roseville, CA · Member since 2009 · 1k+ posts · 584 votes
3y
@Eunice Lee You have enough money for a flip. The tough part is finding a deal that makes you money. I know of a duplex in Sacramento for 350k and the comps are 500k plus. The tough part is by the time that you contact me about it, it will be sold. DO you have people that can work on the property you want to flip?
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Jamil Katzenbarger
Real Estate Agent · Sacramento · Member since 2023 · 7 posts · 3 votes
3y
Hi @Eunice Lee I have a pocket listing in Sacramento that'd I say is a medium fixer property on a half acre lot. Has potential to add more units with already approved plans. Fill free to reach out!
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