All Forum Posts by: Account Closed

Connect with a few wholesalers and find a good realtor. Personally, I've seen some solid multifamily deals in WS via a wholesaler. There are deals to be had in WS/Greensboro that don't ever hit the MLS. And some deals on the MLS. Get on the phone with some folks and keep a it and you'll find something.

Possible but will likely take more than 2 years to break even with that small of a down payment. 

I think it makes better sense to find a property to add an ADU versus converting a garage into an office. The panasonic won't be here forever and I can't imagine a tenant paying you more money than a similar home simply because there's an added office. Don't think the juice is worth the squeeze with that approach.

Fourplex you're likely looking at a million plus in Sacramento. For example, 1424 D Street is a 4/4 fourplex at $1.2M. I can't tell if this post is serious re getting the acquisition capital because if you have a paid off property, you have a clear avenue to access money for a downpayment.

Sacramento definitely isn't the market.

Run from this property. Ruuuuuuun! Please, please, please walk your first few properties with a contractor so you know exactly how much things cost, at that time. Good luck out there.

Yup. You're going to have to hire someone and pay for their expertise. Sacramento has a lot of good RE attorneys so it should not be hard. 

Interested to see what kind of turnout there's going to be during COVID. 

Were you able to salvage the situation?

Respectfully, digging and adding value is the tough part for folks. Being able to see the end result despite what's in front of them is why successful investors are successful.