All Forum Posts by: Noah Laker

Credit is one of my favorite subjects. Start with basic "credit card churning" - plenty of free resources online - and if you rent, try one of the paid services that report your timely rent payments to the bureaus.

No debt is good, but a little bit of healthy and low/zero interest debt is GREAT (imo).

I'm always happy to talk shop, DM me :)

0 Votes

Sacramento, California

I'm a real estate broker and investor, managing over 100 properties (mostly STR).

Many clients liquidate investment accounts in order to diversify into some real estate. You definitely need to run this by your CPA who can analyze your unique situation.

1 Vote

San Diego, California

Hey Gilbert, I'm a local broker and investor (managing over 100 STR properties)

We use Monday.com to keep track of various projects, and another prolific flipper I know uses Asana. Depending on your volume, Google business suite (sheets / docs / Drive) should be plenty. Don't think too hard, just use whatever system helps you stay organized.

1 Vote

Sacramento, California

Quote from @Theresa Jenkins:

Quote from @Noah Laker:

Hey Jawei,

I'm a real estate broker and investor here in Sacramento. I manage over 100 STR and MTR properties (STR is not allowed currently for ADU's, but MTR is, and great way to maximize the income, unless you're using it for family or office purposes.)

I recently constructed an ADU in the backyard of a property within the city from a detached garage. Relatively simple, not terribly expensive. Expect to pay $120-170 per square foot since it's an existing structure. Much less complicated / expensive than building from the ground up.

Yes, you're correct about the unincorporated County area, so the County is the authority, not the City.

I know a couple of great ADU specialists in the area if you need any recommendations. Best to work with an expert if you want to do everything legit. You'll pay a little more up front, and avoid headaches down the line.

Hope this helps :)

Noah, do you know anybody in San Diego county that can do conversions of a garage to an ADU? We have not found anybody that would be able to do it under $350 sf. And you had mentioned $120 to $170 a square foot which is more in our budget. Thanks for your time. Theresa

Henish:
(858) 380-8765

Tell him Noah Laker and Keith Mintz with Hardin Realty sent you over. Good luck <3

1 Vote

Sacramento, California

True, but this is also creating an environment where the sellers who HAVE to sell are softer and are slowly learning that the market has changed.

It's about time! For the last several years, everything in Sacramento was getting bid up and selling above asking price. Shame on the appraisers for allowing it.

We are doing deals all around Sacramento. If you're dedicated and know your stuff, you can make deals in any economic environment.

1 Vote

Sacramento, California

Can't wait to see everybody there! It's gonna be a blast!

2 Votes

Sacramento, California

Hey Leanna. I'm a broker and investor here in Sacramento, and I manage 100+ properties for investors (mostly STR/MTR).

You pretty much nailed it with Tahoe Park and West Sac (West Sac is definitely underrated and up-and-coming).

Oak Park is not necessarily considered a good area and it's gonna take a lot of development to change that. EAST SAC and the areas around the University are very consistent in terms of stability and appreciation, so if that's your priority, I would suggest looking there.

0 Votes

Sacramento, California

Quote from @Arron Paulino:

Quote from @Noah Laker:

What's up Arron, I'm a broker and property manager here in NorCal (100+ listings on Airbnb).

Congrats to you for the aggressive growth strategy, and for having the clarity of mind to learn a lesson instead of get discouraged and quit.

I think your story highlights the importance of working with trusted partners. When you're dealing with such sensitive transactions, your partners will make or break a deal.

If you're thinking of selling off properties to consolidate, you should look at each one individually from an equity standpoint and consider what you'll be doing with the proceeds. 1031 into something closer to home? A lot of my clients right now are coming to Sacramento from other areas, mostly Bay Area investors.

Hey Noah! Nice to meet you and see you're also from NorCal.

I know I really wanted to get an aggressive start at the beginning since I have time on my side rather than wait. I've been patient and willing to learn on my journey so I don't fall for the same trick twice.

Totally agree! I am learning to really vet my team and make sure they have credible references to back them up so they aren't all talk.

I like the idea but I also want to build a stable and profitable portfolio with enough units where I can work for fun and not have to push myself too hard. I'd move to Sacramento due to the better living opportunity but I enjoy the life I currently have in the Peninsula. Maybe down the road.

Sacramento will welcome you with open arms! Holler at me any time.

1 Vote

If he's lived there for less than a year, probably only 1 month, unless he's on a term lease right now. The more advance notice the better.

(I'm a real estate broker, investor, and property manager, but I am NOT a lawyer!)

1 Vote

San Diego, California

What's up Fong, thanks for making such a thoughtful introduction -- it's always amazing to see new investors doing their homework and jumping into the market.

I'm a local real estate broker and investor, and I manage about 120 Airbnb properties (few LTR as well).

Welcome to the BP community and good luck in your endeavors! You have a wide network of friends in the industry here.

1 Vote

Sacramento, California

All Forum Posts by: Noah Laker

Noah Laker has started 16 posts and replied 448 times.

Post: BUILDING CREDIT (College Grad)

Post: Calculate cost of selling stock for real estate purchase

Post: system/software to process a rehab projects

Post: Looking to Convert a Detached Garage/Backyard Storage into an ADU

Post: The market is slowing in Sacramento

Post: NorCal Real Estate Mastermind / 1031 Exchange with Russell Marsan

Post: Best areas for appreciation in Sacramento

Post: Real Estate Investing Portfolio Consultation

Post: How many months in advance can I increase the rent of a room?

Post: New to BP and an Aspiring investor