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Updated about 1 year ago on . Most recent reply

User Stats

3
Posts
4
Votes
Nupur Kohli
4
Votes |
3
Posts

Buying first investment property for rental

Nupur Kohli
Posted

Hi everyone,

I am new to investment . I am looking at buying investment properties in and around Sacramento, Antelope, Roseville  area. The idea is buy a property as a long term investment..

Looking at houses in 500-550K range. Heard rental market is strong in Sacramento area.  Should be able to get rents in 2700-2800$ range. 

 Is this fair analysis? 

That makes it negative by 700$-800$ range per month. 

I don't plan to become net positive right away but if it balances out over next few years( 2-3 years) it would be great so it reduces my monthly costs..

Is this fair to assume ?

Any pointers to further reduce monthly cost would be appreciated! 

 Also any pointers on renting for first timers would be appreciated ! 

Thanks a lot ! 

Most Popular Reply

User Stats

390
Posts
229
Votes
Scott Scoville
  • Real Estate Agent
  • Sacramento, CA
229
Votes |
390
Posts
Scott Scoville
  • Real Estate Agent
  • Sacramento, CA
Replied
Quote from @Nupur Kohli:

Hi everyone,

I am new to investment . I am looking at buying investment properties in and around Sacramento, Antelope, Roseville  area. The idea is buy a property as a long term investment..

Looking at houses in 500-550K range. Heard rental market is strong in Sacramento area.  Should be able to get rents in 2700-2800$ range. 

 Is this fair analysis? 

That makes it negative by 700$-800$ range per month. 

I don't plan to become net positive right away but if it balances out over next few years( 2-3 years) it would be great so it reduces my monthly costs..

Is this fair to assume ?

Any pointers to further reduce monthly cost would be appreciated! 

 Also any pointers on renting for first timers would be appreciated ! 

Thanks a lot ! 

Hey Nupur, welcome to the investing world and to BP. @Noah Laker and I are with Hardin Realty & Property Management and are working with investors all over the region, including in the Sacramento, Antelope, and Roseville areas. We are investors ourselves, so our network is your network. Be happy to crunch some numbers with you and chat more about your goals for investing! Acquisition of a property is just the starting point, and we're here to help along the way. I'll follow up with a DM.

  • Scott Scoville
  • [email protected]
  • 415-933-2202
  • Loading replies...