All Forum Posts by: Ryan Landis

@Ketan Patel as some others have mentioned, you can make money in Sacramento but you need to also remember many people bought when that market completely collapsed and have held until now and are doing great (ask them how the rental market was when prices got obliterated though). As you scale in units, you get some efficiencies. The pure cash flow play is not in every market in California. If you want to start the conversation about appreciation, take a look at some of the other posts on BP.

@Ryan Markiet welcome! Whoever named you knows how to pick a name ;)

With your background you have a huge leg up compared to 99% of people on the forum really knowing how the inner workings of property management work (and how that can influence your investment decision and returns). Feel free to reach out when you need anything to the Bay Area BP community - we are all very nice and helpful.

@Adriana Sarocco before you make the switch, and if you still have your management consulting job, get licensed if you are not already. It takes a few months in order for them to process all of the paperwork, take any classes you need to, and to pass the test. 

As Chris mentioned, many brokerages will be glad to take you on knowing that the vast majority are done within a year (@Chris Mason don't quote me but I can swear it is up to 90% in the first year...).

There are a few different trains of thought. I know quite a few that work with a Top Producer to "learn" the trade. The goal is they will "get" the book of business when the agent retires/etc. There are others, that just hit the ground running and take the sink or swim mentality. Neither is wrong - to each their own.

There are many different ways to get involved on a full-time basis not doing sales (i.e. office/admin/etc.) to learn the industry before pulling the W2 as well.

@Scott Glener welcome! Keep listening to the podcast and really try to soak in everything you can. There is a ton of information in there and not everything is for everyone, but you will become a better investor if you listen to everything you can.

@Armand Aguillon welcome! Make sure to post about your experience for others to learn from it!

@Heath Silverman check out @Johnson H. Meetup in Milpitas this Wednesday if you can!

@Maria Burks welcome! I encourage all investors to get their license if they can (you can always never use it but it gives a nice little foundation for you to understand parts of the industry). I know there are not a ton of 2-4 units that you might have your "eye" on, but that is how you should go about House Hacking if you can if the house is full.

@Daniel Merced welcome! Can't wait to see you at the BP Meetups in the near future!

@Ashley McClure it will standout for sure! But depending on how well it is presented, it may or may not get your goal across. Also, as off as this sounds, it may make some things a little atypical - this is a non-cash element that now needs to get factored in potentially (i.e. speak to your lender to see if they would have an issue).

@Chris T. is accurate in trying to get to the bottom of what the sellers really want. Unfortunately, a fast close and above list price are so common that they might not even look at your offer if you are not offering those items. If your agent can, try and have them see if there is anything you can do.

@Dakoda Spencer when a bank does a loan, they will get an appraisal done to ensure that the property is worth at least what you are purchasing it for. If it comes in above the purchase price, great! If the appraisal comes in below the purchase price, then you would need to make up the difference (thus his comment about 25% could become 30% to make it work).

Also, the property needs to not have any health/safety issues, which is probably what he was really referring to. Call a few more banks/reach out to some lenders. You should be able to find some (there are a bunch on BP too) that can get you in with less than 25% down.