All Forum Posts by: Brandon B.

oh good point @Gordon Cuffe I suppose it would have to be a bit of a variation on BRRRR, where I buy a destressed property with a FHA and work on the rehab as I go. Do you know anything about the Stipulations of buying a destressed property in our area using FHA? I believe I heard on one of the podcasts that the property has to meet certain standards such as no chipped paint on exterior walls, etc. I'll have to look into that.

@Wes Blackwell thanks for the encouraging comments, I'm in the market research phase right now so I'm still narrowing it down and as I said I'm new to the Sacramento area, but I'm thinking that I want to be close enough to downtown/midtown area that the property will still attract the millennial crowd that has been migrating this way but not so close that price dilutes my returns, because, from what I'm seeing, fourplexes around here are about 400k turn key. I'm looking in the radius of about 10 miles. Natomas has caught my eye because its close to downtown but also nestled between some sizeable industry parks and The Promenade which is a nice big shopping plaza. It's also driving distance from Arden Mall. I live in an apartment complex surrounded by several other complexes and these 1/2 bedroom apt rent around 1000/mo with amenities like pools and laundry so I think the cash flow from a multi family is competitive with downtown rent prices as well. I still have a lot to learn about market research but that's my thought process as of right now.

Any resources you could point me towards in the subject?

Greetings Pocketeers,

My name is Brandon, I just moved to Sacramento CA and am looking to getting started in RE investing in the Sactown area. in addition to looking into my first deal in small multi family rentals, I want to get my name out to experienced professionals in the area who may be in need of an intern. 

I'm 23 years old, I work as a maintenance technician in hospitality (my fancy job title is "chief engineer" but I'm inexperienced so I prefer technician). I have limited experience in maintenance but am eager and willing to work and learn to provide value to any investor who may find my skills useful to them. I only ask in exchange for being your hands and feet that I may be a fly on the wall to hopefully translate my skills into assets that will help me in my future investment endeavors.

In addition to this, as I said earlier, I am looking into my first deal which I hope to make by the end of the year. I have about 40k in capital which I intend to use as a down payment on a duplex, 3-plex or 4-plex (ideally the latter). I've been reading books and actively involving myself in both the BiggerPockets podcast and blogs for a few months now and have determined that the path I want to take for my first deal is to purchase a 4-plex and living in one unit to get the reduced down payment. As I understand, because I would be living there and seeing as how this would be my first residential purchase, I could get a lower down payment percentage. I am thinking that the BRRRR strategy would be best seeing as how I can live in one unit and handle a lot of the renovation/maintenance myself. I believe that I may also be able to get my parents involved in the deal with me as well, both as investors and helping with the renovations.

I'm interested in your guys' opinions or feedback on my plan, thanks so much for your time reading this post and I look forward to seeing you guys around the blog.