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Sharad Reddy
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Multi-Family Investment - Need advice

Sharad Reddy
Posted May 17 2024, 17:39

Hi Folks - I am looking to invest in multi-family in Sacramento, CA. Which areas should I be targeting?

Mainly looking for appreciation rather than cash-flow.

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Chris Seveney
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Chris Seveney
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Replied May 17 2024, 17:41

@Sharad Reddy

Recommend continental 48 states

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Sharad Reddy
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Sharad Reddy
Replied May 17 2024, 17:53

That's funny, corrected, looking at Sacramento, CA.

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Gary Pilkington
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Gary Pilkington
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Replied May 17 2024, 19:13

Elk Grove is growing and has been/continues to be good.

For appreciation, single family have been better than multi though.

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Ranjit Sandhu
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Ranjit Sandhu
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Replied May 17 2024, 19:47

@Sharad Reddy Roseville and Rocklin is great in placer county and schools are one of the best in that county.

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Sharad Reddy
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Sharad Reddy
Replied May 18 2024, 20:02
Quote from @Gary Pilkington:

Elk Grove is growing and has been/continues to be good.

For appreciation, single family have been better than multi though.


Thanks Gary, what would be the average price for a SFH in Elk Grove?

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Sharad Reddy
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Sharad Reddy
Replied May 18 2024, 20:03
Quote from @Ranjit Sandhu:

@Sharad Reddy Roseville and Rocklin is great in placer county and schools are one of the best in that county.


 Thanks Ranjit, I'll check those neighborhoods.

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Bradley Buxton
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Bradley Buxton
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Replied May 19 2024, 11:14

@Sharad Reddy

I used to live in Davis and the area has had strong appreciation and consistent demand with the university and primary schools.  I'm in the Reno Tahoe, NV area now. Just a few hours from Sacramento. Lower property taxes and landlord friendly. 

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Scott Scoville
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Scott Scoville
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Replied May 20 2024, 09:17
Quote from @Sharad Reddy:

Hi Folks - I am looking to invest in multi-family in Sacramento, CA. Which areas should I be targeting?

Mainly looking for appreciation rather than cash-flow.


Hey Sharad, be happy to chat over the phone when you have time. There are a ton of great neighborhoods in the greater Sacramento area, where you will see solid rents and good long term appreciation. Location is key, so buying in the best neighborhoods is your best bet for solid appreciation. I'm currently finishing up a duplex in William Land Park, where rents will cover costs, but the value add and forced appreciation will give me $250k in equity. These properties require more capital up front, but can really help your overall real estate portfolio. Let me know when you have time to chat. 

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Ben Howard
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Ben Howard
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Replied May 20 2024, 11:15
Quote from @Sharad Reddy:

Hi Folks - I am looking to invest in multi-family in Sacramento, CA. Which areas should I be targeting?

Mainly looking for appreciation rather than cash-flow.

Hello Sharad, I would suggest that you consider what you get for the price range which you are purchasing and visit a few neighborhoods to determine your preferences. Then, if you are able to narrow your search to a few specific areas in the Sacramento region, an analysis may be ran to compare past appreciation of those areas. However, past performance of appreciation is not necessarily indicative of future gains due to variables within each market. Also, while we can show records of median list price and cost per square foot, those are not necessarily helpful in determining future appreciation because factors such as new home inventory can skew these numbers. It's easy for any of us to suggest specific markets in the region, but investors would benefit more from learning which areas are a fit for them.

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Noah Laker
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Noah Laker
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Replied May 22 2024, 05:17
Quote from @Sharad Reddy:

Hi Folks - I am looking to invest in multi-family in Sacramento, CA. Which areas should I be targeting?

Mainly looking for appreciation rather than cash-flow.


 Hey Sharad, I’m a local broker investor in Sacramento. We are targeting a few areas based on strategy, West Sacramento, Midtown downtown, or for more cash flow north Sacramento and Oak Park are interesting. I could draw you a map of Sacramento sometime :-)