All Forum Posts by: Noah Laker

 It's very close to downtown, well-located but bad location, yunno?

Possibly it will change over time, but it will take significant development to get us there. We'll see. I'd rather just sell and transition to somewhere else, when the time is right. 

Hey Fong, welcome to the crew brother and congrats on making the decision to jump in. I'm a local real estate broker / investor (7 doors) / property manager (100+ Airbnbs) here in Sacramento. 

My issue with "Subject-To" is that it's quickly become a buzz term, but the fact is that sellers of decent properties have no incentive to offer this as an option. Properties are still selling fast and above asking price. If a seller is even willing to offer this, it begs the question, why can't they just sell the property on the conventional MLS?

With that being said, it's always worth a conversation. You can write a deal any number of ways- for example, give him $640k instead of 620, but in return he carries that 70k at a lower interest rate to blend your hard money or other financing to a lower overall rate. 

FYI- hard money is to be avoided as much as possible. Very high fees and interest, and if you miscalculate early on and fail to pay it off, you'll expose yourself to risk at expiration. 

Hope this helps. 

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. 

Hey Ron, I'm a real estate broker and property manager here in Sacramento. I'm not a lawyer and I recommend you consult an attorney on this. 

From my experience, kicking out m2m tenants typically depends if they've lived there for more than a year or less than a year. However, emergency repairs that could affect habitability will supersede this. And yes, you should probably obtain permits before you serve the notice. 

 The two options, meaning ChatGPT v3.5 vs v4?

I read an article recently that convinced me to upgrade which I'll link here:

https://www.howtogeek.com/882274/gpt-3-5-vs-gpt-4/

v4 is simply more advanced and more creative and thoughtful in its responses. It has the ability to research the internet in real time and use more current and relevant information. 

Your specific issue is a bit outside of my scope but I would encourage you to keep playing with it, and make sure you provide ample input and context in order to receive stronger output. 

I'm living in a house hack right now and helping a young client do the same (we're in escrow in North Sac for a beautiful duplex, 3x2 both sides, negotiated an APR buy down). Lots to discuss!

Hey Bryan, welcome to the forum! I’m a real estate broker / investor / property manager (100+ listings on Airbnb) here in Sacramento. 

I use Kyle McCray at Element Mortgage for all of my personal acquisitions and I recommend him to all of my clients. You can contact him at +1 (916) 880-8059 — be sure to tell him Noah sent you. 

Good luck with your investment journey brother! STR is doing very well in Sacramento if you're interested in this strategy.

Any new investors are encouraged to attend, not just industry regulars. This event will be packed with value and a great opportunity to meet the community. Not to mention the amazing F&D options from the venue. Can't wait!

Hi Ziyad,

I'm a broker and property manager here in Sacramento - Over 100 listings on Airbnb!

Sacramento metro offers a really nice balance between cashflow opportunity and consistent appreciation (due to the fact that it is a State Capitol, two major universities, and one of the fastest growing cities in the country every year for a decade+)

I personally only invest my capital here in Sacramento, although I do business in a number of cities. Sac is my perfect playground. Still cheap enough to pencil out. 

Nobody seems to be talking about WEST SACRAMENTO but my clients and I are focused heavily in this small area because of its close proximity to downtown but also low regulation since it's a small separate municipal government - it's not even in Sacramento county, it's Yolo county. 

West Sac is being developed fast. I'd encourage anyone to buy in West Sac and hang on forever. 

I am a broker, investor, and property manager here in Sacramento CA (100+ listings on Airbnb) and I've been doing a lot of business lately helping people from the Bay Area invest in Sacramento. 

I'm at the point where my business is growing and I need to recruit agents so that I can better serve my clients. As such, I've begun updating and organizing my policies into a comprehensive policy and procedure manual -- as an independent broker this was never necessary, but now that the brokerage is turning into a full on business, I have to get my processes out of my head and into the central resource drive. 

SO! I decided to upgrade my OpenAI plan to access ChatGPT 4, and wow is this technology useful. I've been using ChatGPT to do simple things like drafting emails and social media posts, but this is a whole different level of productivity. 

Basically what I've done is provided a large trove of context to the bot so that it understands my business model. I then gave it detailed instructions on my formatting preferences (I structure my policies in a certain way for all my businesses so that they are easy for my employees to understand and stay organized). 

Now, all I have to do is provide a prompt that details what the policy section is about, and a few notes about important topics to cover, and ChatGPT is spitting out flawless PPM content. The first PPM I wrote for my airbnb business took me a year to write and perfect by myself. 

At this pace, I think I'll be done within a week. If I weren't seeing it with my own eyes, I wouldn't believe this.

If you're not using AI to grow your business, you will fall behind.