All Forum Posts by: Melissa Roybal

Hi Jessica,

Your post says it's fully occupied. What is the rents on both units? Is there any room to add value by adding square footage, a room, etc? Do you know what the ARV is and what do the comps say? I am happy to dive further into the numbers with you if you want. Best of luck!!

Melissa

Keep the house and buy another property.  Once you move out, per what you put above, you should be able to rent your room out for $1,000 a month, correct?  You would now have an extra $1,000 and you can househack your next house.  That would be a smart move.  I sold my first househack in San Francisco back in 07.  Yes, the market was at the top and I did well, but I still would have had way more if I had kept it and continued to rent it.  Best of luck!  Regardless, you have put yourself in a great position!

All of the above is great advice.  I will add to make sure you have blackout window coverings for the night shifters.

I am a Realtor and I live in Folsom Ranch. Mangini Ranch Elementary School opened last August and is amazing. My child is in the first grade and we are extremely happy with it. Wonderful principal and teachers. For rental comps when I personally invest, I look at rentometer, the BiggerPockets rent estimator, and I also check Zillow and Craigslist to get a good idea on what’s out there. I have seen homes listed for rent in Folsom ranch from 3500-400, but I honestly don’t follow up to see what they end up renting for or how fast they were rented. We have an in law unit that’s 1 bedroom and 1 bath with a private entrance and its own garage and we listed in furnishedfinder for $1995 and got a ton of interest. Let me know if I can answer any other questions regarding Folsom ranch. I am part of the Bay Area exodus :-) and we love it here and plan on finding a creative way to invest here and make the numbers work. 

I think I would go for the first option in Queen Creek, AZ.  You would have less money into it, less of a downpayment, and you are close to everything.  If you stay for two years, you won't have the capital gains tax.  You also may surprise yourself and be able to hold onto it as a rental property in the future.  That's just my opinion, but good luck!

This is a fantastic idea.  Count me in, too.  I have out of state properties, and am really curious to see what opportunities are available in the Sacramento area.

Melissa Roybal is inviting you to a scheduled Zoom meeting.

Topic: Sacramento Real Estate Investing Coffee Chat

Time: Jan 28, 2022 10:00 AM Pacific Time (US and Canada)

Join Zoom Meeting

https://zoom.us/j/99715875300?...

Meeting ID: 997 1587 5300

Passcode: 346881

One tap mobile

+16699006833,,99715875300#,,,,*346881# US (San Jose)

+12532158782,,99715875300#,,,,*346881# US (Tacoma)

Dial by your location

+1 669 900 6833 US (San Jose)

+1 253 215 8782 US (Tacoma)

+1 346 248 7799 US (Houston)

+1 301 715 8592 US (Washington DC)

+1 312 626 6799 US (Chicago)

+1 929 205 6099 US (New York)

Meeting ID: 997 1587 5300

Passcode: 346881

Find your local number: https://zoom.us/u/azWBpbYN

Hi Dave, here is the zoom link - not sure if you registered on meetup: https://zoom.us/j/99715875300?...

@Kevin L Gleave looking forward to it, too!

Hi Greg, I am sorry you can't make it!  Not sure where you are located, but there is a meetup in West Sac and one in Folsom that are in the evening.  They're posted on BP.  I haven't been able to make it to those, but am going to try to go to the West Sac one this Tuesday evening.  Evenings don't work as a well for me.