All Forum Posts by: DJ Dawson

I think this house was an anomily for sure, check the Sacramento Appraisal Blog he is always on top of the Sacramento RE market

they definitely will prefer conventional over FHA you need to have an in w the seller thats for sure, or something off market of course. a single family house hack isn't a bad idea if you are willing to do roommates, its like a mini duplex :)

off market is the only way to go for a new investor who I imagine is using financing to do a project and thus needs higher spreads.

 teamwork makes the dream work!!! let me know if you need any contacts out here id be happy to connect you w any of my guys!

@Alyssa Davis only thing is you can buy a duplex or triplex at 3.5% down w an FHA where conventional is 15% minimum.

Hey @Yessenia Ibarra I am an investor and realtor here in Sac actively flipping, assisting clients in purchase and sale of forever homes and investment properties and help my clients to run numbers and determine CoC, ROI, and Cashflow numbers to help make the best decision for your future. I would be happy to speak with you and see how I can assist you find what youre looking for!!! I will send you a PM

Whats up @Paloma Peralta! I always suggest you start with the ultimate beginners guide to RE investing found right here on BP, its a free E-book that should provide some clarity as you figure out which direction you want to take this thing, I am an investor and agent here in the area so feel free to reach out AFTER you read that book first! Trust me you will be glad you did

FULL STOP. I would first and foremost PARTNER with somebody who is experienced, I can tell you right now a full gut job is going to be more than 60k, a job this extensive will not be able to be completed without permits, and you are completely new taking a chance (I imagine) on new contractors, subs, etc.

You should one MILLION percent partner with an experienced flipper because your margins are going to be thin, and one bad deal coming out the gate can sink you. TRUST ME . I have been there.

@Tyler Uenaka you may not be able to cover the entire mortgage if you do a 3% down purchase strategy but what you will be able to do is significantly reduce your living expenses while building equity. and THAT is a win.

its very very street specific but yeah C- is probably pretty accurate. If you are already willing to do long distance (Semi long from you) why not take the strategy out of state? you can get better neighborhood grades, cash flow, lower barrier to entry, with prop management in place  and achieve those cash flow numbers.