California Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply
Cash flow deal in Vallejo
I've been looking at this victorian on Loopnet, and to my admittedly untrained eye, it seems like it would bring in some cash flow/break even on three of the units, so I could live for free in the fourth. On an FHA loan, I could put 21k down, and the payment would be $2643 a month. The rents are $4600 a month, minus $1000 for the one I would live in. Any thoughts on this deal? I know Vallejo is a little sketchy, but I grew up in the area, and it seems to be getting better than when I lived near there. Any thoughts on this deal?
Most Popular Reply
Thanks for the input everyone! I'm absolutely not planning on buying this house, I just wanted some opinions, but I am looking to do a house hack in the next year or so, so I was surprised to see one that looked close to cash flowing. Anyone have any luck house hacking around the bay area? I've seen a few places like Lodi or around the Sacramento area that looked decent. Anyone else have any luck with this strategy?