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Updated over 6 years ago on . Most recent reply
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first time cash flow 2nd home investment idea
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.
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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.