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Updated almost 6 years ago,
Where to buy rental properties
Hi. Been asking questions here in the forum. And the answers has helped me a lot on my decision making.
Anyways, I live in San Jose, Ca. Finally decided on a garage conversion ADU and plan was submitted today to the city. This will be for rental when done. This will take about 4 mos probably to get the approval, then they will start construction.
My next step now is to buy a rental property. Either a duplex or single family home to start with. I’m deciding between Indiana (indianapolis or Lafayette/west lafayette) area since I lived there before for 4 years or buy a DUPLEX in Sacramento area.
My primary goal this year is cash flow. Along with my ADU project, I hope to increase my Savings and cbuy another property next year locally or somewhwre closer to San Jose.
Was planning on paying cash on a property in Indiana to start with rather than using financing with Duplex in Sacramento. Would love to hear your thoughts.😀