All Forum Posts by: Account Closed

I agree. I have been looking for a house hacking opportunity in Sacramento since July. Just yesterday I lost out on a duplex to a broker investor who paid $50k over asking with 50% down but was willing to pay all cash if the deal doesn't close in 30 days. My final offer was $30K over asking with 20% down. I was the best non-flip offer by miles and it still didn't happen. Seems like investors believe the arena is going to magically create appreciation. Feels like there may be more opportunities for a deal after it opens and the market restabilizes. 

@Chris Vail Sounds like you really did your homework. Thanks for sharing because this information is very valuable. 

This is a very helpful breakdown for us newbies who are looking to make our own deals in the area.

@David Hutson would you mind sharing with me your spreadsheet and/or the link to the Sacramento meetup?

You should be fine. I studied half-hazardly for a week leading up to the test.  I forgot what study materials I used, but I didn't feel prepared either and I finished the test (and passed) in well under an hour. Do the best you can today, rest up, and knock it out of the park tomorrow!

I'm piggybacking off of @Jeff Jamieson as I too am looking for a MF opportunity in Sacramento. 

It is terrible that you had a recent bad experience, @Leyla Simsek, but hopefully that is the last time it happens! Good luck!!

Much appreciated!

I'm wondering what makes an "A" neighborhood? A "B" neighborhood? Etc. etc. 

Is there some form of metric that you are using or is it just based on multiple visits of a neighborhood?

I'm in Sacramento, besides the obvious neighborhoods (like East Sacramento and Curtis Park), in your opinion, what are some examples of an "A" or "B" neighborhood?

Considering you plan to live there for a few years it seems like a no lose situation. I would, however, caution you to adjust your numbers going in because assuming it is a 4plex and you are living in 1 unit, your monthly gross income would only be $4,500 ($1,500x3). Also, I would only put down 3.5% because, although you have enough money saved up to put 25% down, using that cash as a reserve fund may be more prudent and could allow you to pursue another deal in the near future. I hope it works out for you!! Good luck!

I was able to have a heart to heart with my agent/friend and things are moving much more swiftly! Thanks for your help!!

Hi, I'm relatively new to BP. I am looking for an agent/broker in Sacramento with experience working with investors. I have gone through the pre-approval process and know exactly what my budget is and the types of property I am looking for. I was working with an agent, who is a friend, but he has not been moving fast enough or providing adequate counsel.