Investor · Rocklin, CA · Member since 2013 · 63 posts · 16 votes
Hello all,
I am a wannabe buy and hold investor in Sacramento, CA. I am a "Wannabe" because I have made over 25 offers now and I have only been able to pick up one rental property! Cash Hedge Funds suck:)
My fist property has been a great experience. I purchased a rental in Loomis that has some great cash flow.
I am big into goals and I have a goal to pick up two more properties in 2013. I have been beat out by cash offers time and again in Sac, these goals NEED accomplished :) so I am in the process of picking up a property in Vero Beach Florida. I am also looking into a property in Dallas, TX. I am also looking into some opportunities in Reno.
I am looking forward to associating with other like-minded individuals! Thank you.
Welcome to BP. Al gave you a good pointer... As Willie Keeler said " hit'em where they ain't." Have you read about the infill projects by Petrovich in Curtis Park and Phil Anglides called Mckinley Village? The new development off of Broadway called NW Landlark. These projects will connect "fringe" neighborhoods with affordable rentals to some of the most desireable neighborhoods in the city and those planned communities will have everything.
Jared Adamson,
Both REI clubs have a door fee - $20 to $25 per meeting - or you can join for annual dues. With that, I've been selective about which meetings I want to go to. Finding out who the speaker and topic is prior to going.
I am randomly reading this post and I had a thought: It has been over a year since Sean's last Reply, how is the local Real Estate game treating you Jared?
Sorry @Jeff Jamieson, I did not see your comment. Thank you for requesting an update. I ended up kind of giving up in Sacramento (the cash flows just aren't here like they were). I ended up purchasing a turn-key in Vero Beach Florida which has been great so far and last year I changed direction a little and bought a vacation rental property up in Tahoe. It has been a lot of fun so far. My main goal is cash flow and Vacation Rentals really do this for you although they do require work to get that cash flow.
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