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Updated almost 9 years ago on . Most recent reply

Account Closed
  • Wholesaler
  • Santa Cruz, CA
12
Votes |
79
Posts

Selling CA Home at Top Dollar and Moving it to Rentals

Account Closed
  • Wholesaler
  • Santa Cruz, CA
Posted

I am believing that the CA market or at least No CA - Bay area has topped out...   I have been considering selling my house for some time now and am in contract at over ask.   I have been purchasing SFHs in Atlanta that are cash flowing..   

I am curious to hear if others think I am crazy.   I want to retire on the income from these rentals.

My partner and I - after 15 years actually want to live in one house.   So, I have a place to land.    Chime in or give me things to think about!!!

Most Popular Reply

Account Closed
  • Wholesaler
  • Santa Cruz, CA
12
Votes |
79
Posts
Account Closed
  • Wholesaler
  • Santa Cruz, CA
Replied

I still am finding off market deals... they have to be vetted by legs on the ground you can trust as well as legitimate documentation; leases with contact info so  you can reach out and talk to the tenants, someone to review the property for you that is competent with regard to understanding HVAC, Electrical, Roof and Foundation...   All properties that are off market will need a little work or have tenants that are below market rents, but taking the first year to right the property and re-rent for as much as possible is my overall plan that I execute.   You hear all about Texas as a place to invest, I just don't love Texas.   Open to other places that others might offer up as not already saturated, but with jobs and people moving there...

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