Good school district or public transportation
Hello all,
A newbie here... getting started into the world of rental investments. I live in Bay area, considering nearby more affordable areas such as Elk Grove, Sacramento, Clovis, Lathrop. I'm conflicted on what should be the priority while zeroing in on the market. Should it be high-rating school district or good public transport. My plan is to get positive cashflow, and hold for appreciation and tax gains. Any insight into the mentioned market will be useful.
Appreciate all your input.
Dinesh
Most Popular Reply
To flesh out your decision a bit more, you might want to think about this in a little more depth.
Go into both areas from 10 am to well past dark and drive the areas.
Visit the grocery stores and fast foods, a few times each day and see what you think of the areas population.
Talk to some shop owners in the area and get their view on the locals.
Because these are the people who will be your renters.
Do the look like they can pay the rent, (decent vehicles, decent clothing) or does the people look like they are struggling.
Think about if this is this an area you want to do business in -->(long term)<--?
Do the homes in the area look clean and tidy, or neglected with cars on blocks out front and etc...
Good Luck!