West Sacramento, CA - New Construction Investing

[Hugo Luna]

Any investors buying new product in the West Sacramento or Downtown Sacramento area?

I am particularly interested in infill developments like, "The good Project," or "The Creamery," because they have lots of appreciation potential. Current market conditions are allowing for hefty incentives and kickbacks on purchase price, which makes the deals sweeter. I am moving into the unit and will have 1-2 bedrooms available for rent, so I am evaluating the property differently than I would on a 100% investment property.

Any general market feedback on these developments would be appreciated!

[Joe Bertolino]

The Creamery has 11 units in standing inventory, pricing and incentives are fairly aggressive. I am submitting two offers next week. I think that project will get a bump in 10 days when the MLS team is official. The values will really spark when the new 18 acre Kaiser Campus opens in the rail yard.