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Updated almost 9 years ago on . Most recent reply

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14
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6
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Antonio Guerrera, Jr.
  • Investor
  • Sacramento, CA
6
Votes |
14
Posts

Duplexes in Midtown Sacramento

Antonio Guerrera, Jr.
  • Investor
  • Sacramento, CA
Posted

Hello all,

I have real estate holdings out side in Midtown, Sac.  I would love to position myself to buy in Midtown but at current prices and rent levels I can't make numbers work even with 30% down payment.  I have thought about 1031 exchange into Midtown from other property but still, numbers are tough.  Any advice or is there something I am missing?

Most Popular Reply

User Stats

338
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135
Votes
Derek Jones
  • Real Estate Agent
  • Sacramento, CA
135
Votes |
338
Posts
Derek Jones
  • Real Estate Agent
  • Sacramento, CA
Replied

Nope, you aren't missing anything. Midtown doesn't make sense for investing and it hasn't for a while. Everything I see for sale puts you in the red monthly unless you put down 40+% down.

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