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Updated almost 6 years ago,

User Stats

9
Posts
2
Votes
Rahim Kakar
  • Realtor
  • Brentwood, CA
2
Votes |
9
Posts

Advise on buying rental property cash for rental income

Rahim Kakar
  • Realtor
  • Brentwood, CA
Posted

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.

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