Real Estate Agent · Northern California · Member since 2018 · 68 posts · 9 votes
Hello,
I am fairly new to Real Estate and i am preparing to be a rental property investor. I am looking for some experienced investors/mentors that i could possibly talk to by phone regarding our common interest in Real Estate investing in Northern California. i've decided to focus on the area of Vallejo, Fairfield and Vacaville. I've figured these areas are within range for managing them myself.
Investor · Vacaville, CA · Member since 2016 · 6 posts · 6 votes
7y
You’ll definitely want to do your research and crunch your numbers. I mostly know and prefer Vacaville. Market is pretty high. Vacancy rate is extremely low so that is good. Will need to make sure you either don’t buy houses in a flood zone or seriously budget for it as it is way more expensive than homeowners or dwelling insurance and only going up. You may want to look at increasing the value of your property and make it more attractive to renters or owners by adding on a mother in suite. I don’t know what building costs would look though.
Investor · Vacaville, CA · Member since 2016 · 6 posts · 6 votes
7y
You’ll definitely want to do your research and crunch your numbers. I mostly know and prefer Vacaville. Market is pretty high. Vacancy rate is extremely low so that is good. Will need to make sure you either don’t buy houses in a flood zone or seriously budget for it as it is way more expensive than homeowners or dwelling insurance and only going up. You may want to look at increasing the value of your property and make it more attractive to renters or owners by adding on a mother in suite. I don’t know what building costs would look though.
Real Estate Agent · Northern California · Member since 2018 · 68 posts · 9 votes
7y
Hi Erica,
Thank you so much for your feedback. I was not aware of the flood zone scenario in Vacaville, what would you say is a good resource for learning the market better in these areas?