Updated over 7 years ago on . Most recent reply
Sacramento Multifamily
Hi all,
I am currently looking around the Sacramento area for a duplex or triplex to invest in. I am hoping to move into one of the units and potentially create some cash flow. I would really love some suggestions on different neighborhoods throughout the Sacramento area that would be better suited for multifamily investing or tips from anyone familiar with this area!
Thank you!
Taylor
Most Popular Reply
Just because they are listed at a price does not mean that's the price you would pay as an investor. If it doesn't make sense and I would say negative cash flow does not make sense then you need to adjust your offer price to what you would be comfortable with as an end return. If you are only looking at MLS type avenues for deals there could be a whole lot of offers between you and your first property. Since MLS is open to most buyers your pool of competition will be very large and most likely someone will over pay for the property that is either not an investor or an investor that fudged the numbers to rationalize the "deal" to themselves.