Flipper/Rehabber · San Francisco, CA · Member since 2017 · 176 posts · 70 votes
On the MLS, I noticed a few apartment buildings in Stockton/Lodi would pop up from time to time. The cap rates would range from around 7-9. They seemed like good investments because of the numbers, but would it be worth it to buy a rental out there?
Im a new investor and just purchased two triplexes in the Lodi area. I'm in the middle of rehab on the units but so far its been a great investment and i plan on a few more purchases this year in the area.
I'm sure you know of the issues with Stockton and their financial woes. I'd assume (but don't know) that income level of renters adds a certain level of problems compared to renters in another area. Given the choice, I'd pick Lodi all the way. Run the numbers: maybe I'm wrong
I'm exploring Lodi and Stockton areas, was told Lodi is a nicer place than Stockton rents are good and lots of good winners there, crime rate lower than Stockton. What is your experience with rentals there? How fast can you get home rented in 95242 area if you are familiar with the neighborhoods. Cap rate is coming 5-6%. Is Lodi considered good for buy and investment as that's what we are looking for at the moment. Thanks.
@Smitha Sandasani I personally don't have experience with rentals in Lodi, but I did grow up there and now live in Stockton. Tons of development going on, on the West and South side of Lodi. Your tenant pool will be a lot smaller in Lodi but it is a nicer place with lower crime rate. I see a lot of people moving from Stockton to Lodi but most are looking to purchase instead of rent
Im a new investor and just purchased two triplexes in the Lodi area. I'm in the middle of rehab on the units but so far its been a great investment and i plan on a few more purchases this year in the area.