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Updated about 2 years ago,
Buy rental property in Oakland or Sacramento
Hi BiggerPockets members,
I am new to BiggerPockets, so I want to start out by saying hello! I am located in the Bay Area and thinking of buying my first investment rental property. I have a budget around 600k, and with this number, I found that Oakland and Sacramento are two possible candidates where I can acquire a property that is in decent condition.
So my question is:
What do folks think of both areas in terms of appreciation, cash flow, and safety? Based on these 3 criteria, would you recommend one area over the other?
I guess the answer will vary based on zip codes or a specific deal. Regardless, appreciate it if someone can share some insights, thanks!
Note:
1. I definitely don't want to invest in dangerous areas, which Oakland is notorious for. But I think there are still some safe areas there based on my initial research
2. Sacramento is a pretty big area, to give some concrete area examples: Elk Grove, Folsom, Roseville are some areas that I have looked at