All Forum Posts by: Matt Loeffler

@Tristan Romero any amenity is something you'll need to maintain. I'm actually having to replace a ceiling fan in a rental right now when I could have just put sconce lights in the bedrooms. It's a small thing but an expense to me and it will take my time and attention. I've also heard people say it's better to not put garbage disposals in rentals because it's easy for tenants to clog them, etc. A pool is a much larger amenity and thus requires more maintenance and expense. I doubt the improved rents you would get for having the pool would offset the expense and the headache, not to mention liability and insurance. Unless it comes as part of a larger package that's a screaming deal, I would try to keep things simple for your first rental. Roseville is an outstanding place but prices are higher relatively speaking so your cash on cash return may not be as good. I have a piece of land right by Roseville High School that I'm planning to develop into some investment units. Happy to chat more about the area or strategy if you'd like. Good luck!

This might be self promotion but Ive been a realtor in Sacramento area for 10 years and am very active with flips and rentals. Check me out on facebook. Have my own construction crew. Worked with many investors as well. Can provide countless references if you’d like. Best of luck!

Buying a rental in Folsom is good in the sense that it would be considered an A class neighborhood so you should have a quality tenant who pays consistently and keeps the place fairly clean. However, the financials of it will never pencil out as something a career investor would take on because you’ll be significantly cash flow negative. An appreciation only strategy is a bit risky with the current high inflation and likely downturn ahead. If you have a 10+ year hold plan then you’ll likely be ok but you’ll be shelling out cash every month to meet the mortgage payment in the meantime. Roseville, Rocklin and Elk Grove would be the same. With today’s prices especially in CA, it’s very difficult to find something that would cash flow. You have to be very creative.

Hi Shelby, I'm in Roseville and actively flipping. I had the same obstacles as you and was able to make it happen and get traction. Now I'm doing multiple projects at a time. Is that deal you had still possible to put back together? $13K is not a lot, we could make something work. I'm happy to connect sometime. 

I live in Roseville also. Those numbers are pretty good. Save the headache and just get to the finish line!

I use Denise Clark with Placer Title for all my deals. She has seen me through all kinds of headaches. First American title is also investor friendly. Jamie Morse-Kincaid is my favorite over there. 

Buy & holds are next to impossible to make the numbers work in CA. Not to mention the politics are not good for landlords. I just picked up a portfolio of 9 properties off market and I'll probably keep two where the numbers works, the rest I'll flip. Better play is investing in red states with better landlord laws.

Thank you Dorothy!  Great insight!

Hi Everybody, 

I'm getting my business plan together to start my investing career. I know there are advantages to holding properties in an LLC. I already have a single-member LLC for a small ecommerce business that I own. Is it safe/legal to use that LLC for my real estate ventures as well? I know that the liability from each business focus could put the other in jeopardy but I'd be ok with that for now since both are small. If I can use the same LLC, can I hold property in a DBA name?

Thanks in advance for any guidance!

Matt