All Forum Posts by: Adam Kistler

@Ben Saad anything up north. Vista, Carlsbad, San Marcos parts of Escondido, Poway. Great school districts and great communities. Also if you can find a duplex within your budget that would be great. I live in Carlsbad. These areas I feel are not as congested as downtown, we have a lot more space out here and are not on top of our neighbors. Also, there are newer developments that are cheaper than houses are the downtown SD surrounding areas. Hope this helps. 

Hey Ben. Where are you looking at possibly acquiring property? There are some really good areas outside of DT SD that are way kore affordable. 

Thanks everyone for the good input!

@Darius Ogloza the tenants currently pay the utilities. Only thing that’s not covered is water and trash which is about $150 per month. Looking at other duplexes on this street I would counter a lot lower since it looks like similar ones sold for about 415-420k. 

Thank you @Jon Catterson for the reply and I will be sure to look t those calculators.

Thanks @Caleb Ely. There are a lot of terms out there and of course, I want to get it right and I will continue to research and learn! I live and SD with my wife and we are both critical care nurses but my family still lives in Sacramento. SO, this first property we are wanting to help with our taxes, let the property appreciate and make a little every month. Can that technically work with a property that has cash on cash of around 6-7%?

Hi BP,

My name is Adam and this is my first post on BP. I am a homeowner in Southern California and I am trying to acquire my first rental property (buy and hold) in Sacramento, CA (born and raised). I am wanting to know suggestions on first, running numbers to ensure a sound investment. As you all know California is not cheap. Currently looking at duplexes and none of them meet the % rules but still produce good cash flow. For example, I have my eyes set on a beautiful duplex in a good neighborhood, asking price is $445k. With 20% down mortgage is approximately 2100-2200 with taxes/insurance. Rental income combined with both units is $3200. This is $1000 positive cash flow correct?  Even though it doesn't follow some of these rules and %'s with that much income over the mortgage does that not seem sound? Any suggestions here? 

Second,

My question regarding 20% down payment is are there other ways you would suggest getting the capital needed if personal cash was limited/ and or tied up? With properties in California, they require a big chunk of change. What would be some good suggestions. I have heard of hard money loans but do not know fully how they work. 

Thank you in advance. Looking forward to starting this new journey!