When did you experience a rehab lifehack/revelation?

Question

Hi my name is Jake. I live in the bay area of California but have lived in multiple areas of California. I currently have 1 property but am looking to meet fellow members from Kansas City, Atlanta, Sacramento, or San Antontio region of Texas.

My goal for 2021 is to close 3 properties, and I am a Jack of all trades in life. Nice to meet you all

Account Closed · Answer

Hey Jake, there's tons of opportunity in Sacramento. I love your goal!

Alex Olson · Answer

I recommend that you owner occupy your first place. And continue to do so until you can no longer stand living next someone that you rent to. Your wealth will explode over time and you will be able to do so much with all of your real estate.

one thing that is not in books much is that location does really matter. You can gain forced appreciation by buying in established area or in definitive path of progress. Hope that helps!

Justin Cecil · Answer

Hi Jake, I’m an agent/investor and on my journey to financial freedom. I’m currently in the Sacramento area but I was raised in the South Bay. My investment strategy is combining the ‘live in flip’ with the BRRRR method. Purchase a property with an owner occupied loan. Rehab over the course of the year, refinance( maintaining the owner occupied loan, then rent. The down side is this is a two year process because when refinancing you  must stay in the property for 12 months.

For people looking to move from the Bay Area to the Sacramento area I believe this is a great strategy. Purchasing a 3 or 4 unit with a low down payment owner occupied loan.This strategy isn’t in a book because it’s a lot slower. But this can be used while working one or more of the investment strategies simultaneously.Cheers,

Justin

Jake Lee · Answer

lol sorry guys. My actual post did not post but somehow my very first post made on BP got reposted. I will still message you both for personal interest, but will change my post

Jason Pabon · Answer

@Jake Lee nice to meet you! I am also from the Bay Area and recently moved to Sacramento. There’s lots of demand in this area and homes are still going above ask. Are you targeting single family or 2-4 units? Would love to connect and network with other investors as well.

-Jason

Paul Gimmarro · Answer

@Jake Lee Hi Jake! I’m an investor agent in the Kansas City area and would be happy to chat and answer some of your questions!

When did you experience a rehab lifehack/revelation?

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