Hello from Sacramento, California

14 Replies

Hello all! I hope you all welcome me into the BP community! 

My name is Quang Tran and I made the decision to join BP while reading The Book on Rental Property Investing. 

I am a student originally from the Bay Area. I moved up to Sacramento for college and I am currently attending California State University of Sacramento majoring in communications. I have wishes to work in sales, but that does not mean that I wont try to invest in real estate as well! 

Knowing absolutely nothing, my goal as a novice investor is to gain knowledge on how to properly invest (everything I need to know to get started) and grow a network of connections. Please feel free to shoot me some advice or guide me to different sources of education, I would love all the help I could get!

Thank you,

Quang Tran

Welcome to BP. This site is amazing. Navigate the site and get familiar with all it offers. The connections and knowledge here is a powerful real estate tool.

Welcome.  I'm in San Diego.  I'm a Realtor.  I've worked with investors as a property manager and with flippers on acquisitions.  It is a wonderful exciting business.  They say Real Estate is a rollercoaster, that's no lie.  This is a great place to start.  I listened to the Bigger Pockets guys on Youtube for years before I got my license.  And I refer this site to all my wanna be investors. 

@Angie Swader I bet! Real estate is something that definitely takes a lot of time to learn, but I have a feeling once I learn all the material to begin investing, it will just get easier down the road!

@Jo-Ann Lapin Thanks for the warm welcoming! I will definitely be tuning in on the free podcasts and forums to keep myself refreshed with the new information swarming in the website!

Hey Quang. I am not new to wholesaling but new to the Sacramento area. Have experience in Las Vegas and just starting marketing in the area. What kind of experience were you looking to gain before you jump in? I am out of town now for about a month but we should connect once I get back. 

Hello, Quang!! I've recently moved to Sacramento myself. I'm currently reading the book on Rental Property Investing! No experience, but I'm learning quick, and am looking to buy my first deal within 1 year! Welcome! Keith
Originally posted by @Quang Tran :

I am a student originally from the Bay Area. I moved up to Sacramento for college and I am currently attending California State University of Sacramento majoring in communications. I have wishes to work in sales, but that does not mean that I wont try to invest in real estate as well! 

Knowing absolutely nothing, my goal as a novice investor is to gain knowledge on how to properly invest (everything I need to know to get started) and grow a network of connections. Please feel free to shoot me some advice or guide me to different sources of education, I would love all the help I could get!

Re: the underlined portion.

 As a lender that's investor friendly, a lot of investment property transactions cross my desk.

Disproportionately, but not entirely, sales & marketing professionals tend to get the best deals, and tend to pick the best contractors, real estate agents, lenders (granted I am biased on this one :P ), inspectors, et cetera, to work with. 

Your day-job career aspirations are a model-match for your real estate investing goals. Once you're ready to get started in REI, you will have multiple entire skillsets already in place that someone who has been sitting in a cubicle processing corporate paperwork for the last X years needs to develop from scratch.

Sam Zell closed his first real estate transaction while still in college. Times have changed, of course, but I'd say as a current college student that his autobiography is worth a read. The last third of the book can be a bit boring, but hey no book is perfect and you're already reading entire books that are boring as a student anyways. 

@Chris Mason you have officially provided with more motivation to pursue sales and real estate more than anyone else by far, thank you. But again, having no knowledge of really estate, including vocabulary, I have no idea what REI is.

@Keith Torsen Why such a long time buddy? I can tell you when I started working in Vegas with the right people we did a deal together in the first 2 weeks. I was able to see a transaction from start to finish and get my feet wet. I was in your spot and believe me reading will not get you there, doing it will. I read for years waiting for the time when I would be ready but it never came, it had to come to a point where I had no choice but to go at it full speed and it has worked. If there is something I can help you with hit me up and I will do what I can. 

@Quang Tran I can tell you if you are interested in sales and can talk to people like Chris said you have a leg up on most people and with the drive and knowledge you will do well. I am new to flipping but can give you some pointers on lead generation, Podio (keeping track of leads) and anything else you might want to know or at least I can set you in the right direction. Finding the right people and asking what you can do to help them will go a long way. Exactly how I got my start. 

@Michael Herrera Honestly, I just started my education, and I haven't read anything besides the Book on Rental Property Investing, so I'm clueless on where to start without having any sort of down payment. I'm looking at a year off, partly because of that, and partly because I feel trapped in my lease at my current apartment. Made a couple of mistakes (in my opinion) when I moved out here, but I am eager to learn, and I got some leads on single family homes near my area from my local big bank banker, so that's a start. (big casino opening up in an already highly-desired suburb). From what I know now, my best bet would be an FHA loan for 3.5% down, owner-occupied multi-family house, and I would love to do that. I just feel like I need some start-up money.

@Keith Torsen Me and my company have done over 12 deals this year with none of my own money. Wholesaling is a good start but it's not the only way if you find deals. Read up a little on "assignment of contract" and you'll see you don't need to limit yourself by thinking you need money to start. Aside from marketing(if you choose that) you don't need your own money, just need to find deals.

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