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Updated almost 6 years ago,
Advise on buying rental property cash for rental income
Hello everyone,
I’m looking to purchase a condo unit in the Sacramento area CA.
Would you recommend buying at the lower end in an area with section 8 renters and getting the rent guaranteed? Or spending nearly double for a nicer area and renting to non section 8 tenants?
I’m planning on buying cash, long term (hopefully never sell) just to create some cash flow.
I like the idea of condos and paying the HOA fees so I don't have to worry about big ticket expenses in future or high insurance rates, but I'm open to advise.