All Forum Posts by: Ricky Tran

Ricky Tran has started 1 posts and replied 12 times.

Hi Everyone!

My wife and I just moved to Sacramento 2 weeks ago from the bay. I work in tech and she just started a new job here for the state. We're currently renting downtown and looking to get started as first-time home buyers in an owner-occupied duplex situation to start our path in rei. We're open to other strategies, but believe that sounds the most ideal so far. We do want to settle in a little bit here while continuing to do our homework, but hope to get into something in the next 6-12 months.

With the way interest rates are looking now and what little I see on public listings, I think a smaller multi-family that needs a little rehab would be the best bet. I don't want to bite off more than we can chew with managing a full reno while we learn the ropes. I suppose something more turn-key could be a good option, but haven't come across many viable options there yet.

Anyways, we still have a lot more to learn and still need to familiarize ourselves with the area/market, but just wanted to pop in to say hi! We'd love any introductions and support from other investors, agents, lenders, or contractors in the area.

Thanks,
Mike

Hey @Michael Shean I'd love to connect! I'm based in the SF Bay Area and have been in tech the last ~10 years but I've been operating STRs and MTRs in Sacramento for the last 2 years. I'm looking for my first flip in Sacramento at the moment.

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Sacramento, California

Quote from @Max Ripley:

Hello everyone! I just wanted to introduce myself. I am a new investor in the Vacaville and surrounding area. I am looking to fix and flip properties in order to gain some capital neccessary to expand my real estate portfolio! I am also looking for partners/investors for my next fix and flip.

I would love to connect with anyone! I am diving into this field and I want to scale quickly. I am excited to know all of you and to share experiences and goals. Thank you!

Hey @Max Ripley! I'd love to connect. I'm based in the SF Bay Area but I've been operating STRs and MTRs in Sacramento for the last 2 years. I'm looking for my first flip in Sacramento at the moment.

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Sacramento, California

@Sipan Y. did you end up doing a BRRRR? I'm starting to look at Sacramento for flips and was curious about how the market is now there

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Hey @Chris Mason, can you share where you saw that it has standard 12 month occupancy promise? Thanks!

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Hey Gleb, did you end up doing the STR arbitrage? I'm considering it in the Bay Area as well but I'm not sure if the numbers look great so I'd love to connect!

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Did you end up running a mid term rental for travel nurses in Oakland? I'm currently exploring that through Airbnb arbitrage but I'm not sure if the numbers are stellar given how high rents in Oakland are compared to how much I could charge travel nurses

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RSVP Link: https://eventbrite.com/e/171712495697/
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Interested in talking about real estate, building relationships, and sharing knowledge, opportunities and progress (or horror stories) with like-minded individuals in the Bay Area?

Come join us for an afternoon of networking and mingling at Big Al's on October 2, 2021 from 12pm-2pm. This event is completely FREE and open to anyone interested in Real Estate so invite your friends and let’s chat about real estate! There won’t be any pitches or presentations - this event is purely for networking with others interested in Real Estate.

Who should attend:
New investors looking for their first deal or experienced investors looking for their next big project
Current or aspiring homeowners who want to start investing
Wholesalers
Flippers
Real Estate agents
Title & Escrow agents
Attorneys & CPAs
Landlords & Property Managers
Contractors
Loan Officers & Mortgage brokers
Hard Money & Private Lenders
Syndicators
Really anyone who is interested in anything about Real Estate!

Please RSVP here if you’re interested in attending!
Eventbrite: https://eventbrite.com/e/171712495697/

Facebook: https://www.facebook.com/event...

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Also following this discussion since Atlanta is one of the cities that I'm looking at to start off in RE investing. The booming tech scene is appealing to me since I'm from the Bay Area in California.

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Atlanta, Georgia

@Pang Mouavangsou I'm also a new investor. I'm based in the Bay Are but I'd love to connect!

@Yue Lehman Fresno is actually one of the cities that I'm considering for my first investment. I didn't realize that it's hard to cash flow there :( I've heard that STRs have potential there as well

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I believe some hard money lenders can offer 75%-85% LTV for rehab costs

1 Vote

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All Forum Posts by: Ricky Tran

Ricky Tran has started 1 posts and replied 12 times.

Post: Rookie in Sacramento, CA looking to get started in 2025

Post: New Investor: Looking to Connect With Like-Minds

Post: Has Anyone Successfully Done BRRRR in Sacramento recently?

Post: California "Dream for All" shared appreciation down payment assistance is insane.

Post: Local SRT Laws References

Post: Oakland advice -- furnished lower rent?

Post: Bay Area REI Club Networking Meetup

Post: Looking for investment property - Atlanta, Austin or Raleigh

Post: Looking for other People like-minded

Post: How to finance the Rehab in BRRRR