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Updated almost 2 years ago on . Most recent reply

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Noel R.
  • Rental Property Investor
  • Petaluma, CA
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What city/state has $100K properties that meet 1% rule?

Noel R.
  • Rental Property Investor
  • Petaluma, CA
Posted

Seeking buy and hold rentals that meet or exceed the 1% rule. Prefer west coast if possible. Anyone willing to share?

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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

Of course no one anwered your question where on the west coast can you hit 100k and under and 1% so I will answer it .

1. parts of Lake co CA  

2. Klamath Falls Oregon 

3. Olivehurst CA

4.. Susanville CA

And many many other smaller bergs.

If I wanted to stay as close to the bay area as i could i would look no farther than Richmond.

you can get close to 1% but you will spend over 100k... but i think Richmond in the next 20 years is going to do was EAST Palo Alto did or EAST menlo did the last 30 years.. 

I was buying homes in EPA in the early 80s for 20k to 25k..   when houses in Cupertino were 150k . on of the best ways to set yourself up 20 to 30 years from now is to buy in the path of progress and thats what Richmond is in my mind.. 

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JLH Capital Partners

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