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Updated about 6 years ago on . Most recent reply
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Help! First investment options/considerations
He BP! So I’m in the starts of planning a investment. It’s not out of state, but out of town to a more affordable area ( I’m in the Bay Area, will look into Sacramento ). I’ve dialed in a few areas to hopefully gear to college renters. Or upcoming family area. Where as I do not know if I’ll flip or hold. It will depend on the purchase price/area/rental market.
Are there any basics, or things to look for when deciding if it should be a rental or if I should go for a flip - make some money and go for a bigger project.
Any insight is appreciated. Thanks
Most Popular Reply
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‘Flipping' SFR has become increasingly challenging in the Sacramento area. It's been picked over rather heavily over the past decade. The ‘buzz' in our office working with investors looking for short-term holds has completely vanished.