All Forum Posts by: Noah Laker

I'm in the process of negotiating my first sub-to deal in CA (Rocklin). This would be my first sub-to deal and would love to chat with someone who has done sub-to in CA before and would be willing to share paperwork examples, experience and local advice (recommended title company, lawyer, etc).

Thanks!

Hey Dane, I’m a local broker and investor. We deal with subto and other creative investment strategies, happy to talk shop any time.

0 Votes

Sacramento, California

Quote from @Brian M.:

Quote from @Noah Laker:

Stessa is really an awesome system. Everything you need for asset management on small or medium portfolios without much frill. I recommend Stessa to all my retail clients.

Hi Noah,

I have also been really happy with Stessa. What do you use for managing properties? I am wanting to manage maintenance requests but feel I am going to end up doing double entry between two systems.

Thanks
Brian

For our management portfolio we’re on Buildium. It’s more than the average investor needs though. Just use a spreadsheet if you’re dealing with <10 properties.

0 Votes

Hey Yousuf, I'm a broker and investor here in Sacramento. We are targeting West Sac, Natomas, Oak Park, and some other areas of Sacramento metro.

I love Sac because it's relatively friendly towards STR, which is my specialty (I host over 100 Airbnb listings). Reasonable prices and consistent population / rental growth.

If you're looking in NorCal, Sac is definitely the place to be.

1 Vote

Sacramento, California

Good question, following this!

0 Votes

Sacramento, California

Quote from @Kye Matthews-Mason:

Hi @Noah Laker,

I am beginning to look into the big bear area myself. It sounds like you may have experience in the area. Do you still sell homes in Big Bear?

Quote from @Noah Laker:

Hi Ken, I am a broker here in California and I manage over 100 STR properties. One of my clients recently purchased a home in Big Bear for STR and I understand it's going pretty well.

Best site to check numbers is directly on Airbnb. Don't trust the consolidated data on AirDNA!

If you'd like some help, feel free to reach out and I'll show you how I analyze new markets for my acquisitions.

Yes, we operate both in NorCal and SoCal. :)

0 Votes

Hey PK, I'm a broker and investor, NOT an accountant. The CPA's above seem to have answered your question comprehensively, and just to summarize, you don't necessarily have you wait 5 full years, just fulfill 2 years of primary occupancy *within* the last 5 years.

Some of our clients sell their portfolios in expensive markets like San Diego and reinvest (via 1031 exchange, or in your case it's not necessary) elsewhere. Sacramento is a great option if you want to stay in California, or choose another cashflow positive market.

2 Votes

San Diego, California

Hey Lilian, congratulations on getting your license! I'm the principal broker for Hardin Realty & Property Management -- We encourage agents to invest and complete personal transactions!

1 Vote

Sacramento, California

What's up Cole! Great to see you guys jumping in. I'm a local broker and investor with over 100 investment properties under management, mostly STR. If you're concerned about the state of the market, I might consider some creative finance deals. These require lower cash invested and you might be able to access lower interest rates that way, so short-term value fluctuations won't matter so much.

1 Vote

Sacramento, California

Welcome Cole! Have you already joined a brokerage? What's your next move?

2 Votes

Sacramento, California

Quote from @Sherish K.:

Hello,

I recently purchased a newly constructed investment property in West Sacramento for over $600,000 near the Sacramento River. If anyone has experience investing in this area, I would appreciate some advice on the following:

1. Do you think I made the right decision in investing in West Sacramento?

2. Do you foresee potential growth in West Sacramento over the next 5 to 6 years?

3. What would be the estimated rent for a newly built 2,355 sqft home in that area?

Any insights or input would be greatly appreciated. Thank you!

I’m a broker and property manager here in sac. I own a triplex in west sac and absolutely I would buy anything in West Sac right now, I only wish there were more inventory available. West Sac is developing rapidly, it’s only a stone’s throw from downtown Sac and there’s plenty of opportunity for infill and redevelopment. I anticipate massive growth in the area.

I hope it was a good deal! Share some details!

1 Vote

Sacramento, California

All Forum Posts by: Noah Laker

Noah Laker has started 16 posts and replied 448 times.

Post: Looking for Local CA Sub To Expertise

Post: BiggerPockets Pro Partner Update - Stessa!

Post: In CA, where are you guys investing?!

Post: Turn a Duplex into 2 Half Plexes....

Post: want to airbnb

Post: Taxes on selling primary property

Post: What Real Estate (RE) license benefits a RE investor?

Post: Ready to buy my first investment property

Post: Investor and New Agent in Vacaville

Post: Investment property in West Sacramento