Updated about 9 years ago on . Most recent reply
Newbie Investor Vacaville, CA
Hello everyone! My name is Jennifer and my husband and I are just getting into real estate investing. We have been doing training and going to seminars for the last couple months. Just getting our business up and running. We plan to do some wholesaling, renovations and rentals. We are always looking to make new connections and discuss how we can help each other reach our goals. We are located in Vacaville, CA and plan on starting in Solano county; but we are willing to look further such as Sacramento and the Bay Area. Thanks for taking the time to read my post! Have a great day!!
Most Popular Reply
Hi @Jennifer Story,
You're probably actually fine sticking local, to Solano county.
- I see deals cross my desk where Alameda and Contra Costa county REI are buying up in Solano.
- I see deals cross my desk where REI in Sacramento are buying down in Solano.
- I don't really see anyone actually in Solano that crunches numbers and concludes they'd be better off buying in Oakland or SF.
I've got one gentlemen actively engaged in selling off his SFR and condo assets and 1031ing them into 2-4 unit props.... so far, all his purchases have been in Solano.
"Everyone else is doing it" is of course NOT a magical recipe for "it makes sense," but it is something that should give you pause. Maybe you find some zomgamazingsauce deal in the heart of Piedmont that trumps what everyone else is doing, for example, but I suspect you can find success sticking local to you in Solano.