Hi everyone. I’m originally from Sacramento and my family is still there. In 5-8 years I’d love to be living there again with a handful of rentals under my belt. I’m ready to start ASAP and would welcome any advice from anyone in the area that has some rentals. My brother is a GC so I should have some decent connections for repair and maintenance. I have 40k at the moment and zero debt.
Thanks @Jess White . I’ll definitely study the laws for CA regarding renting. I do see huge upside for the area with commuters from the Bay Area. More and more people are able to work from home and only have to commute into their job a few times a month. Making San Fran money and living in Sacramento is a pretty sweet deal. Thanks for the reply, and good luck on your RE journey.
Looking at your available funds of $40k ($200k purchase price) that will get you a single family home in a C-D neighborhood. Or a condo in a B-C neighborhood.
Yes @Derek Jones I agree that doesn’t get me much at the moment. But I’m saving at a pretty good rate now and there are possibly some other funds available for a slightly bigger deal. I’d prefer not to be in the C-D type neighborhoods right out of the gate. Especially not living local right now.
you can get a condo in natomas for 200k plus 300 hoa. Rents 1700 or more
Look at growth and ingress/egress of people. Texas makes the most sense these days to look for investments +/-.
I do love the Sacramento area though!
@Danny Webber I agree there are other places that are better right now. Especially with my finances. I’m looking at several markets very carefully. Thanks for the reply.