Vacaville, CA · Member since 2016 · 7 posts · 2 votes
Hey BP Forum,
I am going to start my REI career this year (To much time researching, now I need real world). I am curious if anyone out here is doing buy and hold, BRRR, or just plain old flipping in the west sacramento market. Like around the 95691.
Any and all advice would be a massive help.
I will keep everyone posted as I go through my deals and I look forward to meeting like minded people up here.
Rental Property Investor · Sacramento, CA · Member since 2011 · 2k+ posts · 1k+ votes
10y
Hey, it's time for a larger gathering. Let's do a Sacramento MeetUP in July. How about July 7th at Capsity near 21st and Broadway around 6pm? Pizza and water...
We can also plan our caravan to @j. martin's Bay Area Summit in Oakland on August 27th and 28th!
West Sacramento, CA · Member since 2015 · 25 posts · 8 votes
10y
Hi Jeremy
I live in west Sacramento and have done one live in flip 2 years ago. West Sacramento especially on the southport side is a great community and growing rapidly. With all the new things happening downtown there is a lot of potential for flipping but you pretty much have to be a cash buyer, the competition is fierce and the prices are high right now. Personally I don't see any potential for cash flow with buy and hold in this area but I am an amateur investor as well. Pm me if you want to chat more about the area there are some pretty bad parts of west Sacramento that you might want to stay away from
West Sacramento, CA · Member since 2016 · 24 posts · 10 votes
10y
Hi Jeremy!
I live in West Sacramento, in Southport, and like Brian, I don't think there's potential in buy and hold here. I'm just starting out, and I love the area, but after doing some calculations and watching the market, the prices are just too high and potential rental income too low. Buying and flipping definitely possible. The area around Linden is very nice, with older houses that can use some updating and fixing up. Houses do seem to sell very quickly. The area north of the deep water channel and south of the 80 is OK. I have a friend that has a house there and has few complaints. Again, an older neighborhood. Schools are lower rated. North of the freeway is hit and miss, but mostly miss. If you're in Vallejo, I'd recommend taking a drive around the neighborhoods in West Sacramento to get a better feel for them.
Flipper/Rehabber · Sacramento, CA · Member since 2016 · 807 posts · 815 votes
10y
So it seems to be a general opinion that investing in buy and hold near Sacramento isn't really worth it because they rarely cash flow at the current market prices. Would you guys say that it's a better idea to flip properties in this area?
Investor, Agent, CPA · West Sacramento, CA · Member since 2009 · 690 posts · 262 votes
10y
@Jeremy Hanna, welcome to BP! I am in W Sac as well, if you and @Brian Twigg twig get together, I'd be open to join you guys as well, it's always great to meet locals. Maybe @Andrea Stewart can join as well.
Jeremy, is there a reason you are interested in the 95691 area code specifically?
Investor, Agent, CPA · West Sacramento, CA · Member since 2009 · 690 posts · 262 votes
10y
@Pratik P. - buy in hold is doable in Sac but will likely require a scenario that @Joe Bertolino mentioned. @Elijah Artman purchased a 4plex last year that was distressed, he now rents 3 units and lives in the 4th, he can share his experience.
Flipping is tougher today than it was a few years ago but very doable, we should be closing on flip deal today (hopefully), after rehab. But starting to flip in the current market today is much more dangerous than it was 3-4 years ago, especially if you don't have experience. I'm referring to the Sacramento area.
West Sacramento, CA · Member since 2016 · 24 posts · 10 votes
10y
@Sergey Tkachev, @Jeremy Hanna, and @Brian Twigg, I'd be open to meeting up with some local investors to talk shop. Should we make this happen? I'm free most evenings and weekends, though busy all this weekend.
Vacaville, CA · Member since 2016 · 7 posts · 2 votes
10y
@andrea
@Andrea Stewart, @Brian Twigg, and @Sergey Tkachev I agree that we should meet up. This would be a great way for us to bounce ideas, concerns, and concepts. I am generally only free on the weekends as I work in the city.
@Sergey Tkachev the reason I am looking in the 95691 area is because I know the area, I know that it has potential for cash flow, and I feel that it is a market that can and will grow.
West Sacramento, CA · Member since 2016 · 24 posts · 10 votes
10y
June 18, Saturday, 10AM works for me. Would meeting at Temple Coffee on K street work? Their coffee is good. Also, the floor is made out of pennies. New floor rehab idea?
Vacaville, CA · Member since 2016 · 7 posts · 2 votes
10y
Hi Team,
I apologize for the late response. @Andrea Stewart, @Brian Twigg, and @Sergey Tkachev I have been doing the graduation run around for my daughter. I am officially done with that part of my summer this next weekend. Then I am free all weekends going forward. Lets make this happen.
West Sacramento, CA · Member since 2015 · 25 posts · 8 votes
10y
hi guys,
@Andrea Stewart, @Sergey Tkachev, and @Jeremy Hanna I am actually going to be out of town this weekend so unfortunately I won't be able to make it. This time... Let me know how it goes and hopefully we can make this a thing. I think with a small team we can take on west Sacramento real estate.
Investor, Agent, CPA · West Sacramento, CA · Member since 2009 · 690 posts · 262 votes
10y
If this Saturday is not the best weekend for @Jeremy Hanna and @Brian Twigg, we can reschedule to the following Sat, June 23 at 10AM. What do you guys think?
So far we have the following people interested: @Andrea Stewart, Brian Twigg, Jeremy Hanna, @Joe Bertolino, @Account Closed are you interested in joining?
Toronto ON, Canada · Member since 2016 · 96 posts · 26 votes
10y
I would be interested in joining you folks for coffee and make some connections. I am also starting out in RE investing. I live in the Bay Area and can make time any of the coming weekends (except July 4th) to meet up. 25th works for me to.
West Sacramento, CA · Member since 2016 · 24 posts · 10 votes
10y
Temple on K street has various small tables outside that can be pushed together. If we get an estimated head count (I'm counting 8 at the most at the moment--correct me if I'm wrong), I can call and find out if it's possible to reserve some space. If not--I work part-time as an author; I was planning on arriving a couple hours beforehand and getting my word count in for the day anyways. I can always save some space.
Real Estate Agent · Sacramento, CA · Member since 2013 · 62 posts · 15 votes
10y
@Andrea Stewart i'd love to jump in and join you guys as well if you don't mind another. I've been looking a lot in West Sac for clients lately (which has made me look at it for myself), and would love to hear what others are looking at doing also. 25th at 10am works great for me.