Investment property in Sacramento
Dear fellow BP members,
I am from bay area and have just started looking into REI recently. Ran the numbers quickly and realized that cash flow is extremely difficult in the bay for an average investor. Hence, started looking into Sacramento area and it seems like the real estate market there is pretty hot right now. I am mostly visiting the area over the weekend and wanted some opinion from the experts and locals.
I am currently looking in the Natomas neighborhood that was recommended by a friend. There are also talks about Centene corporation west coast headquarters coming there soon that might bring in a lot of employment and hence, renters.
- Any thoughts on if this would be a good place to start off with?
- Any other areas worth taking a peek at in Sacramento? What are some of the most desirable neighborhoods in Sacramento?
- Any ideas on rent/price ratio in these areas?
- Also heard about the new DRHorton constructed houses there that are going away very fast. Any thoughts on those?
Thanks a ton
DeEpAk