Rental Property Investor · Folsom, CA · Member since 2016 · 140 posts · 70 votes
8y
Cash flow in Folsom SFRs is nearly impossible if you use any debt. Rents are high, but purchase prices have grown too. I’m bullish on appreciation, but that’s about the only way to make much money on rentals here.
I actually subscribed to this thread to watch for gc recommendations. I have guys for most trades and references for a couple higher-end contractors, but no gc I’d want to hire for an extensive rental remodel.
Are you looking for someone to do the most cost-efficient work to make it a rental, or higher-end work for a primary residence?
I have a sfh in Folsom renting for 2100 now, so the fixes need to attract a high income tenant, so not looking for cosmetic fixes, may need extensive electric work, new garage, roof etc
Rental Property Investor · Folsom, CA · Member since 2016 · 140 posts · 70 votes
8y
Cash flow in Folsom SFRs is nearly impossible if you use any debt. Rents are high, but purchase prices have grown too. I’m bullish on appreciation, but that’s about the only way to make much money on rentals here.
I actually subscribed to this thread to watch for gc recommendations. I have guys for most trades and references for a couple higher-end contractors, but no gc I’d want to hire for an extensive rental remodel.
Cash flow in Folsom SFRs is nearly impossible if you use any debt. Rents are high, but purchase prices have grown too. I’m bullish on appreciation, but that’s about the only way to make much money on rentals here.
I actually subscribed to this thread to watch for gc recommendations. I have guys for most trades and references for a couple higher-end contractors, but no gc I’d want to hire for an extensive rental remodel.
Agreed no more cashflow. Luckily i bought one at end of 2011 which has doubled. I am not counting on a lot more appreciation at this stage. So need at least some equity to buy in at this stage.