All Forum Posts by: DJ Dawson

whats up SP!

I would say the deals are there but you will have to dig, much like any other high profile market in California it will be unwise to assume you can just go on the MLS and cash flow. Many MF owners are offloading properties right now because they are concerned with the new rent control laws being established in the Sacramento community too. Just something to consider.

Merced is a nice little town with potential for growth coming from the UC that has been growing at a nice tick for the last couple years. I would agree with others in the sense that you need to find something practical 3/2 would be my suggestion and do your research. Sure the college will breed expansion but then who are your tenants? College students, I think we all know how that can turn out lol.

Welcome to buy and hold investing in California! Your math looks good on the surface and as an agent here in Sacramento I can tell you I am seeing essentially the same things you are. As mentioned above the ADU play is very big right now as the city has done some big things as far as ADU allowance and ease when it comes to the permitting and planning piece of that but you are pretty spot on, this is why unless a crazy deal comes my way (off market will be the only way to make that happen) I am sticking to flipping locally and rolling those profits into buy and hold properties out of state.

dont forget the bacon bits and chives =)

Whats up @Scott Scoville! Welcome to the forums! I too am in investor here in Sacramento as well as a real estate agent. Let me know how I can be of help and I am always up to grab a cup of coffee !

@Restyn Robbins self management out of state is nearly impossible at @Todd Rasmussen said

What about house hacking in your local area? 3% down and you can rent out another unit or even a room!

Non owner occupied will be 20% down so 100k property = 20k down*

In California you get a 350k property and you’re putting down 3% = 10.5k down*

Just something to consider :) best of luck

* + closing costs, taxes,etc

@Michael King lol do some research and get back to me when you educate yourself a bit on marijuana

@Michael King crackheads??

@Jeffrey Tripp absolutely man, I know a couple high performing agents in Fresno that can help you out with your search for a property when the time is right! But like you mentioned being your own GC is the dream scenario!

let me just challenge this brotha by the other side of this right, so think of the INFINITE realities in which you do switch jobs, move, goals change, triplets, divorce, family death, acid to the eyes and you go blind, you see where i am going with this. While i don't know anything about your specific situation I suggest saying the next 3-5 years can be fairly certain but just reevaluate accordingly and never assume what you will be down 5+ years down the road.

good luck man.