All Forum Posts by: Noah Laker

Hey Kevin, I'm a broker, investor, and property manager here in Sacramento. I manage more short-term rentals now (100+ listings on Airbnb) but my background is in multifamily. 

Sacramento is an awesome market for multifamily- yes, California is more about appreciation, but there are still cashflow opportunities if you look outside of the direct urban core.

If you want to stay in downtown / midtown Sacramento, rents for 1-2 bedroom units range from $1600-2400 depending on building class and neighborhood. 

The larger the asset and more units you acquire at a time, the better chance you have of positive cashflow. It's just like buying in bulk at Costco vs purchasing single snacks at the gas station. 

Commercial loans are challenging right now but variable rate / ARM are common for midsize multifamily, which might be advantageous if you're confident that rates will come down in the coming years.

If you're planning to hold for the longterm, then yes absolutely. 

Hey Devin, I'm a local broker and property manager (100+ Airbnb listings). We currently have 18 arbitrage in the portfolio but these are old contracts, we don't do this anymore.

"Arbitrage" means closing the gap between two asset classes. As the years have gone by, LTR rates are up and STR rates are down some, in part because of "rental arbitrage," and it makes the model much less profitable than it once was.

To build long term wealth, I'd suggest purchasing the old fashioned way. 

Hey Sean, I'm a local broker, investor, and property manager (100+ Airbnb listings and some LTR). 

I'm always open to discuss partnerships and synergy if you're looking to co-invest. Additionally, there are tons of resources here on BP and in my network. Good luck!

Welcome to the BP community, Logan. I'm a local real estate broker, investor, and property manager (100+ listings on Airbnb). When you get your license, I'd love to talk to you about all of these topics and more. 

Hey Jordan, I'm a broker and property manager here in Sacramento (mostly STR, some LTR). We also have a satellite office in San Diego.

Sacramento is where I choose to invest my personal capital for the reasons above (thanks @Jawei Kuo!)

We're a fundamentally sturdy municipality and the population is continuing to grow, but prices relative to other major California cities are still affordable. 

Hey Venkat, I'm a local real estate broker and investor, and we manage over 100 properties (mostly STR as well as some LTR).

There is a sweet spot in Sacramento for B-class multifamily for STR/MTR, and some LTR, where the numbers can make a lot of sense from a Cash-on-Cash standpoint, while also enjoying equity appreciation and meaningful tax benefits.

Hey Diana,

Looking to invest in STR properties or manage for others? Do you have any prior experience with property management or any properties of your own yet? What are your professional goals?

Jumping in here - Scott, myself, and our team in Sacramento manages over 100 investment properties, primarily Short-Term Rentals. STR is a great way increase rental income and even access some substantial tax benefits.

I personally invest in Sacramento STR to increase cashflow given the competitive environment.

Whether you go for LTR or STR, Sacramento is a fundamentally strong economy and the surrounding areas - Roseville, Rocklin, Elk Grove, West Sac, etc - offer tons of opportunity for long term growth and appreciation.

What's up Santino

I'm a local broker, investor, and property manager (100+ STR listings). Real estate investment has been my ticket to freedom and so many others. Props to you for jumping in!

2-4 unit multifamily in particular is a great wealth builder. You can "hack" it by living in one unit and renting the others, and simply rinse and repeat every year or two. 

Scott Scoville and I host a monthly real estate event, next one is on February 7th @ 6pm. You should definitely come by and meet some other local investors.