Updated about 9 years ago on . Most recent reply
Iron Works Community in Sacramento
Hi BP!
I'm looking for some insight on The Iron Works Community in Sacramento - I'm interested in buying a rental unit. Listings for a 2 bedroom / 2.5 bath (1,320 SF) have been coming up on the MLS at a range of $390K-$410K. HOA dues are $100/month. With such close proximity to downtown and the new stadium, I anticipate appreciation.
Does anyone have a solid idea of potential rent on these units? How about Airbnb?
Most Popular Reply
Sacramento's recently enacted rules related to short-term rentals can easily be legally overcome. @Al Williamson is the guru on this topic and he's found a business model that works if your rental stays are for 31 days or more. It's working great for him and it's legal. Feel free to reach out to him.
Full disclosure: I am an attorney, but this is not legal advice.