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Updated almost 8 years ago on . Most recent reply
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San Francisco Investor Looking for Prime NorCal Rental Properties
Hey everyone,
I live in SF and want to start building a rental property portfolio and am looking for guidance regarding cities that cash flow well in Northern California. Any suggestions on cities in the greater bay area for residential rental properties? Keep in mind this will be my first investment property and can put down $200k and am pre-approved for $800k (looking for a purchase price of about $750k-1M).
Thanks in advance!
Most Popular Reply
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If I were you I would take a look into investing in Sacramento and Stockton, CA. Your money will go waaaaaaay further out here, and you could possibly end up nabbing 2 or 3 properties. Average gross monthly rents for 2-4 unit properties out here is roughly $2,000-2,200, so you could probably approach $5k in gross rents if you pick the right ones. Check out the Sacramento Real Estate Forum to get a good feel of what's going on in the area and see if it's for you. Best of luck!