Market suggestion for Bay Area Newbie
Hey Bay Area investors! Newbie here, scoping out the market for my long-term rental property. Any suggestions? Is Tracy, Fresno, Stockton worth some research? Or Reno/Tahoe makes more sense?
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Hi Michael, I'm a CA transplant that is now invested in the Reno / Tahoe market. CA does offer some great opportunities to make money. The Reno market has a lower cost to entry and strong appreciation. Tech jobs, positive migration, combined with low property taxes, landlord friendly, and no state income tax make Nevada a solid place to invest. There are also STR and MTR options with the proximity to Lake Tahoe from Reno and the Carson Valley. Happy to connect and share knowledge and my resources in the area.