All Forum Posts by: Amir B.

@Account Closed

Before making the offer. I decided that I wanted to live in Sacramento. My fiance works near the house so we figured it a place to live or rent out. I was banking on appreciation more than numbers. Most of the homes are retail priced (like this one) so it's hard to make any money. I could be wrong.

@Derek Daun

OK, great advice.

@Derek Daun

Thanks for the link. How did you decide your primary residence verses investment property?

That's where I am not sure what to do. I am getting married and will be living with my significant other after April. Buying in Sacramento now is very challenging. I think the owner of this property is a flipper.

@Jeff G.

Thanks for your feedback as well. This is more like a speculation and less like an investment. I am thinking more like a primary. I am still learning how to run the numbers. How did you get these numbers? Still need to add maintenance, vacancy, and property management.

@Derek Daun

Thanks for responding. I do need to think about "aren't sure if you're looking for investment or primary".

I am at a cross-hair because I really want to start investing. Yes, you are right about banking on appreciation is very risky. 

Can you breakdown how you got $1330 PITI?

@Chris Kirk

I agree, if I find a fixer upper I could get quality tenants. At this point, I could use it as a rental or primary. I am getting married in April.

@Yia Her

Hello Yia,

My goal is long term buy and hold strategy. Looking for a rental or primary.

Hello BP Community,

We just put in another offer late last night. 

http://www.realtor.com/realestateandhomes-detail/3...

I offered $250,000 with 20% and interest rate of 4.5%.

Does anyone know of this street or neighborhood? Can anyone provide any feedback?

Thank you.

Hello everyone,

Here is my update:

They countered at $227,000. We backed out not because of the price but other negatives. There is a group home across the street with rowdy teenagers. They aren't going anywhere. No street parking and no drive way to park our cars. One might fit. The laundry room is outside. 

@Account Closed

Hello BP Community,

Looking to find a lender who will finance an investment loan. Investing in Sacramento, CA. Maximum price is $275,000.

Thanks