Rancho Cordova or Manteca

[Dinesh Singh]

Hello all,

I'm actively considering buying a rental 3-bedroom SFR.

Torn between Manteca and Rancho Cordova as both appear in the ballpark price range. Plan to hold for 7-10 years. Have assumed initial negative cash flow which will turn favorable in coming years. 

your insights and suggestions are appreciated!

Thanks.

[Chris Levarek]

@Dinesh Singh Why those markets? What is the reasoning behind? Negative cashflow in my opinion is never an option, at least going in.

Why not some of these top 2023 markets : https://www.biggerpockets.com/...

[Dinesh Singh]

Quote from @Chris Levarek:

@Dinesh Singh Why those markets? What is the reasoning behind? Negative cashflow in my opinion is never an option, at least going in.

Why not some of these top 2023 markets : https://www.biggerpockets.com/...

Thanks, Chris! I'm a newbie and trying to stay within 1.5-2 hours of my place. Manteca and Rancho Cordova seem to be relatively affordable. It's hard to be cashflow +ve in this market in NorCal. Probably, an appreciation game and hoping for rate moderation in 1-2 years.