Sacramento introduction, hello!

3 Replies

hello my name is Anthony Rhodes i live in Sacramento, CA i currently own 4 homes in CA. I have one official rental that i rented out august 2015 after finding bigger pockets in march 2015, I was looking for something more that just a job. i had read rich dad poor dad years ago but didnt really get it. I brought a house in Chico, CA in 2003 and sold it in 2005 and made 12,000. I became a big dave ramsey fan and started the debt free life , dont ask me why but i got a condo in Chico 5 months after selling the house and paid 120k at the time i was thinking that is a high price for a condo but hey its better than paying rent. I have a great job that pays me well and i got a chance to move up to a higher paying job but i had to move to Sacramento. I moved to Sacramento in 2011. all i knew at the time was i didnt want to live far from the office because i would be driving all day at work and i didnt want a long commute after work. I had heard of the real estate crisis but i was not affected because i knew not to buy more than i can afford. So i had no idea about the cycle Ca was currently in with forclosures. I purchased a house in Sacramento 3 bed 2 Bath 960sqf for 79000 526.00 a month with a fha loan. My plan was to live in this house forever so i slowly gutted this home and remodeled it and named it the Miami house. I am a Miami Dolfhins fan. Less than a year after leaving Chico Ca i realized the girl i love was Lejon , i made plans with her to move to Sacramento with her 3 kids. I purchased a 3 bed 2 bath home in 7/2012 1275 sqf in a good area with a pool for 127k with another fha loan . back in the day when homepath had good prices for homes, but still had no idea about the market cycle ,if i did i would have got as many houses that i could ,{let it go and move forward anthony}. At the same time i was renting out the condo in Chico to my mother , yes i charge my mother rent well below market price, hey i still have HOA to pay and the HOA is struggling to pay bills and keep up the building. So to bring it to current day i found bigger pockets in march 2015 i reread rich dad poor dad and listened to nonstop podcast about realestate pretty much every audio book i could find on audible about real estate and self improvement and im still at it. Yes I also charge the love of my life rent also. Ok after i found bigger pockets i took action and rented out the miami house for 1150 a month i purchased a home a block over with plans to rent it out by aug 2016 after a value add it is currently a 2 bed 1 bath 1200sqf home, i plan to make it a 3 bed 2 bath and rent it out , this is named the blue house because when you see the mls photos it looks very blue. I am currently updating the blue house and getting my debt right to go full speed into the real estate game. My plan is to own this 95824 zip code and make it look and be a B grade area currently i would grade it a C area, crime is not bad but the look of the area is low because of the rental ratio. all things considered this is califonia real estate and the market is still recovering. ok im done for now i am looking for like minds in Sacramento i will be joining the REIA in the area so anyone whereever you are hit me up. thanks

@Anthony Rhodes There are quite a good number of investors in Sacramento on bp. You can also find good rei groups in Sacramento and Roseville. I love following our real estate market as I always want to know where we are at in the supply and demand cycle. I just looked into the number of homes for sale in Sacramento county for Dec. 2015 and found out we only had 1714 homes for sale which was down from the July 2015 homes for sale in Sacramento county.

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