All Forum Posts by: Kelli D.

@Ray Li Hi Ray, good for you. I was just saying to my sister (On the peninsula side of the bay) that for her neighbors home that just sold for a few mil they could buy up multi-units in Sac. Depending on your long term goals I would also recommend 2-4 units in Sacramento as Matt Hoyt mentioned. There are still deals to be had once they come up. The reason I say that is, unless you have a knowledgeable Property Management Co. manage it I wouldn't take that on as a first investment. There are so many Fair Housing & ADA laws that apply to apartments (especially with parking issues, stairs, elevators, companion animals, and even criminals). If you know those (or your PM Co. does) then if it's a great deal maybe. Laws still apply of course to 2-4 units, but it's a whole different ballgame when you get into the 5 units & up. Disclosure, I'm a Realtor but not an attorney. Good luck to you. Post again once you're in the transaction, I'd be curious to know which way you decided, and best of luck!                         

@Joseph King Hi Joseph Kellildecker @ gmail that's an l (small L) in the middle. I'm with Lyon here in Sacramento. 

@Joseph King @Chris Kirk Hi Joseph, shout out to San Mateo! My family is over there. Joseph I do know areas and can give my recommendations. I work really hard to find what my clients are looking for. We're in escrow right now with a BP investor, and I found them a sweet deal (if I do say so). Because I devote so much time to each client I like to keep some info specific to their needs, instead of posting exact inventory, you would miss out if I do that. My contact info is in my profile I'm always happy to chat. Chris, nice to see you're happy face, love to help you out. You can text me too.           

@Julie Inderkum Hi Julie; Yes BP is great isn't it? You can absolutely feel just fine with buying a rental property first, without owning your own home. Make sure and do your homework first. If you're on BP go to Education Tab, (in the drop-downs you'll see podcast & guides, start there and watch as many as pertain to your goals). In the guides you'll see "How to Analyze Deals" it's really important to know your numbers so that you cash-flow. Hop on Brandon's weekly webinars too if you can. I would stay away from a condo unless it's a great deal below market value. Condos can have high HOA's in Sac and you never know if they might hit you with special assessments & you need to look into how solvent they are etc. I do know someone who just flipped a condo though & it can work if you know what you're doing and can sell quickly. If you want to buy and hold I think it's just fine if you don't own your own first. Just my opinion but what works for some, may not work for others. I always tell me clients to remember to stay in your comfort zone and stick to as close to your goal numbers as possible. Once you get in the swing of things you'll be able to know what's a good deal & what's not. Best of Luck !

@Alex Sloan HI Alex, it's been a busy weekend, investors are out in full force. I really am happy to hear what kind of work you do, very cool. We'll have to chat about that sometime, maybe through PM. The book I'm working on (as far as eco-stuff) has a name but I don't want to say it yet since the copyright is not confirmed from Gov office yet, etc. I do have a murder mystery I wrote (set in San Francisco) that went up on Amazon this year though, and that one has the confirmation of a copyright. I don't want to plug here because I'm really not trying to. If for some reason you want to check that out great, if requested I'll be happy to give you the title. So as for Real Estate, know your numbers as an investor and stick to them. There are some deals to be found in Sac, I just found a very good one for BP investor. Let's maybe touch base next week in a PM.     

@Alex Sloan Hi Alex, your post caught my eye for a couple reasons. One is, I too am from the Bay Area. Whole family still lives there & it blows my mind when we're talking millions for places we know well, that are modest homes. The other is that I love the whole energy efficient, eco friendly stuff. I'm working on another book about that (might be boring to some, ha ha). That is a great skill to have when you're evaluating a flip, or any property really. I've been in Sac for 11 years now (you can view my bio). I think you'll like it, I do. I'm actually currently working with three investors from other areas and they don't really know much about Sac either so, if you want to know some specifics I'm honestly happy to help you in the right direction. No pressure at all. Send a PM if you want. Good luck to you either way.           

Hi @ketan 

@Ketan Patel A single family home may be good for a flip (at the right price of course), or buy and hold. Multi-family properties are generally better when they cash-flow. Look at your NOI (net operating cost) what would it bring in with rents after your deductions to maintain it, and then divide that into your purchase price. It gets more detailed but go to the Education tab at the top of BP and use the drop-down and select podcast. The podcast are great! find the subject matter that is relevant to you and start learning. Good luck to you.

@Account Closed Hi Kelli ( what an awesome name you have!). Good contribution. My mother was a well known Trustee for large companies & residential properties in the Bay Area (may she rest in peace). She wouldn't take calls on properties just because it's time consuming (but her Realtor would). I have been to the auctions myself, buyer beware and do your due diligence. If you come across any multi family properties in Sacramento feel free to PM me. I'm looking right now. I always enjoy the B-Peepers out there.     

@Ying Lan Hi Ying, if you would like to send a private message I'll be happy to further discuss your needs. I'm not sure if you have used BP so see my profile for a message. I'm with Lyon   

@Ying Lan Hi Ying, you are correct in the price range for areas I'm very familiar with. Your rents can actually be a higher than $800 per unit (depending on the sections of those cities. I offer certain things (specific to your needs) if you are unable to view the property, or locations. I have a couple investors right now that are in the same situation as you and so I might be able to discuss this with you if you're still looking.