All Forum Posts by: Steve G.

Hi All,

My son is looking for a positive cash flow houses with 20%  down payment in Central Valley area. He is  26 living in San Jose area as a software engineer. He wants to buy his first rental. We really appreciate to hear(experience) from those who have bought in Central Valley. What cities have better/stable rental demand?

Thanks Again

Thank you all for your advice. He's thinking of anything around $200,000. He's also open to owner-financing.

Hello,

My son is looking to purchase his first rental investment property. He lives in the Bay Area and is looking to buy a positive cash flow single family house (at 20% down). Would it be be best to look in California (Sacramento area, Central Valley) or to look out of state? What are your thoughts?

Thank you ahead of time for your insights.

MODERATOR:  THIS IS A REQUEST FOR WHERE TO INVEST.   IT IS NOT A SOLICITATION OF SERVICES.  ANY ADS FOR PROPERTIES, LOANS OR SERVICES WILL BE REMOVED.  IF YOU MAKE A RECOMMENDATION FOR A LOCATION, PROVIDE YOUR REASONING FOR WHY THAT'S A GOOD LOCATION.  YOU HAVING PROPERTIES FOR SALE IN THAT ARE IS NOT A GOOD REASON TO RECOMMEND IT.

what is the rule for partial sell of primary resident? If husband and wife sell half of their primary resident to their son, are they still exempt for half of 500k (250k) capital gains?

Of Course, This would be discussed with a CPA.