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Updated over 6 years ago on . Most recent reply

User Stats

62
Posts
20
Votes
Kevin Zhang
  • San Francisco, CA
20
Votes |
62
Posts

first time cash flow 2nd home investment idea

Kevin Zhang
  • San Francisco, CA
Posted

New to this forum and hopefully find some useful advice and info. 

I wanted to use my home equity to purchase a 2nd home/apartment for cash flow.   I need some advice where in the SF bay area where I can start to look for that 2nd home.   My home value in the 1.2 million while I still owe the bank 250k.   I was looking into Sacramento area, but not sure how the rental market is out there yet? any city i should look for as a beginner? 

Thanks
Kevin. 

Most Popular Reply

User Stats

4
Posts
3
Votes
Lloyd Gomes
  • San Jose, CA
3
Votes |
4
Posts
Lloyd Gomes
  • San Jose, CA
Replied

Welcome @Kevin Zhang

I am also considering the Sacramento area.

There is a member @wes blackwell that has some posts on Sacramento that I found helpful. Maybe reach out to him when you are ready. Here's one of his.

https://www.biggerpockets.com/forums/621/topics/59...

I've also been using https://www.neighborhoodscout.com/ca/sacramento to get a very rough sense of areas over there.

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