All Forum Posts by: Noah Laker

Hey Eric, I'm a broker and investor here in Norcal, and manage 100+ rental units. A great broker should be able to price this building more precisely, and not only take photos but actually help prepare it for market. When I list a property I spend a lot of time ensuring that it's as attractive as possible in the eyes of investors. After that, make sure your broker is advertising the building where commercial investors are looking, not just on the MLS.

I've managed over 1000 residential units in my career (so far) and I've seen this plenty of times. There are groups that coach unqualified / problem renters in this type of fraud. Fake IDs, fake social security cards, etc etc etc. BE CAREFUL OUT THERE AND TRUST YOUR GUT! 

And, this should go without saying, but always defer to Fair Housing guidance, ensure you're treating everyone equally, and keep diligent records of all applications for 5 years. That way, their threats hold no merit. 

What's up Michael! I'm a broker, investor, and PM here in Sacramento -- we manage over 100 investment properties, mostly STR and MTR.

Great to meet you virtually! Welcome to the platform! Biggerpockets community is so friendly and a great resource for new and experienced investors alike. 

Hey Tim, not a CPA but I am a broker here in Sacramento and I manage 100+ STR properties. At least half of my clients are high-income W2 earners who are interested in the tax advantages of STR + REP Status + Cost Segregation. I personally save a fortune on taxes and my clients do very well with this strategy. Highly recommend! I'll shoot you a DM.

 Most properties just aren’t subto opportunities, for the reasons you laid out. 

When we target these opportunities, we're actually looking for folks who bought owner-occupied at perhaps 90-95 LTV. Even factoring in appreciation, their equity should be below 15% of ARV.

 That hasn’t been my experience at all. Most subto opportunities were purchased recently (between 2019-2022), when rates were in a trough, and therefore the sellers have low equity. Most of them are distressed in some way, due to the low equity. 

I'm a broker and investor in Sacramento. I manage 100+ properties, mostly Airbnb and MTR.

STR and MTR demand is very strong in Roseville, driven by demand but also a lack of supply... BECAUSE THE CITY DOES NOT ALLOW STR UNLESS THE HOME IS YOUR PRIMARY RESIDENCE!!!

MTR is great, but there will be long "orphan" periods in between bookings, which leads to lost revenue.

My advice, stick to areas that are more STR friendly and blend the rental strategy for maximum income. Roseville is too expensive and suburban anyway. Try Citrus Heights, Sacramento city proper, or West Sacramento.

Hey Sangwon, I'm a local broker and investor in sacramento, and I manage 100+ investment properties, mostly Airbnbs. 

Multifamily house hacking is a CLASSIC strategy and very rewarding. It's so simple, anyone can pull it off, and many of my clients are first time investors employing the exact same strategy.

I think you already have it pretty much figured out, but I might suggest incorporating some kind of creative housing in the mix to increase revenue, like STR/MTR or renting by the bedroom. These are much needed products with more active management and the revenue shows.

SO basically, buy a 2-4 unit, live in one unit, and rent the others creatively. This is by far the best strategy for a new investor to get in the game IMO. I'll shoot you a DM!

Hey Ahsan, I'm a local broker and investor. We also manage over 100 investment properties, mostly Airbnb. Very hot topic right now is "Subto" -- have you explored this? It's not traditional and it comes with plenty of risks but it's a great way to get into properties with low down payment, as well as lower interest rates than the current market allows for.