All Forum Posts by: Dinesh Singh
Dinesh Singh has started 3 posts and replied 12 times.
Post: Good school district or public transportation
- Posts 12
- Votes 5
Quote from @Nicole Masters:
Hey Dinesh!
I would focus most on cities that have positive population growth and a price point that you are able to enter in at. Sacramento is extremely hard to cashflow in, unless you do rent by the room, and even then it can still be tough. It has grown in appreciation massively in the past two years though (as has a lot of big cities).
Here's an example of Sacramento's growth: "The current metro area population of Sacramento in 2022 is 2,186,000, a 1.44% increase from 2021. The metro area population of Sacramento in 2021 was 2,155,000, a 1.51% increase from 2020. The metro area population of Sacramento in 2020 was 2,123,000, a 1.63% increase from 2019" You can read more about it on this website --> Macro Trends Resource
I am not as familiar with Clovis or Lathrop because I don't invest/work in those areas, but I believe you can research the cities on the website above.
Thanks much, Nicole. Appreciate your response. Population growth seems to be a reasonable indicator of occupancy rate.
dinesh
Post: Good school district or public transportation
- Posts 12
- Votes 5
Hello all,
A newbie here... getting started into the world of rental investments. I live in Bay area, considering nearby more affordable areas such as Elk Grove, Sacramento, Clovis, Lathrop. I'm conflicted on what should be the priority while zeroing in on the market. Should it be high-rating school district or good public transport. My plan is to get positive cashflow, and hold for appreciation and tax gains. Any insight into the mentioned market will be useful.
Appreciate all your input.
Dinesh