Newcomer from Sacramento, California

Newcomer from Sacramento, California

Real Estate Agent · Sacramento, CA · Member since 2014 · 19 posts · 8 votes

Hello Bigger Pockets forum, my name is Travis Grossman. I am completely brand new to real estate investing. I ran across the podcast about 2 months ago and haven't missed an episode yet. Its  great to run across a podcast so genuine as well as a huge forum who's members really care about helping each other. Up until now my interest has simply been through my grandfather duplexes he owns and the complexity of property management. I never gave it much thought when I was helping RM on his properties but with that being said he retired at the age of 50 and has been living on his passive income since then. The idea that over the years you acquire and rent out multiple properties and have the property paid off all the while gaining equity is amazing! Wow I know I sound like a huge newbie, but it is very exciting it can be accomplished correctly.

I am from the Sacramento , CA market. I have full time job that will keep me realistic in my short and long term goals. The stability of the job will allow me to save for a down payment and hopefully make it easy to personally finance.

I will be using my evenings as well as my weekends to start making moves towards my first buy. 

My niche will most likely be Single and Multifamily for buy and hold. From what I see my market is growing but is very competitive. Multifamily homes seem to be the lesser of the two.

Okay, well I am excited to be here and thank you all!

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Sergey TkachevPro Member
Investor, Agent, CPA · West Sacramento, CA · Member since 2009 · 690 posts · 262 votes
11y

@Travis Grossman 

Welcome to the site and welcome to the club - this is a great place to be.  I've invested in Sacramento as well and am planning to do a lot more, would be open to meeting you in person to connect if you like.  

Also, I second @Tapan Trivedi 's invitation - it's a great club, I've been to multiple times.

And last, watch for other local and regional meetups. We just had the REI Networking Summit in the Bay area (http://www.biggerpockets.com/forums/521/topics/132602-big-real-estate-networking-summit-nov-15-16-2014-at-sfsu-confirmed) - honestly the best such gathering I've been to. So look out for more similar events. :)

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  • Real Estate Agent · Sacramento, CA · Member since 2014 · 19 posts · 8 votes
    11y
    Originally posted by @Jake Weir:

    Welcome @Travis Grossman! You may have heard some discuss owner-occupied multi-family housing.  This is a way a number of people jump in to rentals.  Some things to start thinking about:

    Areas, Pricing, and Rents

    -Start to familiarize yourself with the quality of different areas. Its not difficult to get the "feel" of different neighborhoods. Websites like Redfin.com and www.metrolistpro.com will give you more accurate info than Zillow, but you'll get the complete picture from an MLS search with a RE agent as rents will usually be listed in the hidden details of the listing.

    -I've been using rentometer.com for a back-of-the-napkin rental survey to see the variety of rental rates for an area.

    -Biggerpockets has a file sharing area.  Look for this under the "Resources" then "File Place".  Sort by downloads to see what is popular.  I think the one I like was posted by Brandon Turner.

    -Start playing in the calculator so you get a feel for what a cash flowing property looks like and you are ready to jump on a deal when you see one.

    Happy Investing!

     Wow thank you for these tips! I will absolutely check them out. I appreciate you taking the time to spread some knowledge and say hello

  • Rocklin CA · Member since 2013 · 88 posts · 12 votes
    11y

    Hey guys

    I was just contacted by someone asking if I called @Ali Boone a swindler.... That is absolutely not what I meant to convey. She posted something in a unrelated thread about how she had a bad experience with someone on here and I was referring to that.  I do not know her personally but I am not going to smear anybody, especially if I have no basis.  Sorry if what I said was taken out of context. I will take the comment down when I learn how to, lol. Happy invensting!

    Thanks

  • Real Estate Coach · Venice Beach, CA · Member since 2012 · 6k+ posts · 3k+ votes
    11y

    @Jeff Jamieson

    Oh, ha, I saw this last post first and had no idea what you were talking about so had to scroll up to catch up. I was very confused there for a minute (reading the last post first, not knowing what it was talking about). No worries at all, I saw the questionable post and I totally understand what you meant. Now I'm wondering which swindlers I was talking about in the past.

    If I have a mystery BP vigilante out there who was looking out for me on that one (if that was the context of their questioning you about it), thanks! ;)

  • Sergey TkachevPro Member
    Investor, Agent, CPA · West Sacramento, CA · Member since 2009 · 690 posts · 262 votes
    11y

    @Jeff Jamieson - I've met @Ali Boone in person (she organized a great out of state investing meetup down in the LA area) and I can certify that she is not a swindler :).  It was great networking!

    It's interesting, though, how things said on forums can be taken out of context and/or misunderstood.  And it's also cool that members are watching each others backs, good to know the balance is there :)

  • Solo 401k Expert · Anaheim Hills, CA · Member since 2012 · 18k+ posts · 6k+ votes
    11y

    Welcome to BP community @Travis Grossman  It is a great place to meet new friends and learn about various aspects of real estate and more. 

    Wishing you the best! 

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