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Updated 4 days ago,
Investing in Sacramento - Lots of questions!
Hi! I'm an aspiring investor hoping to move to Sacramento with my wife this year, and we'd like to do a house hack in a multifamily residential property. This won't be our first time living in Sac but our first time doing so with a keen eye on real estate.
I'd be interested in any insight on the Sacramento market, esp. from investors in multifamily. Lots of questions: Which neighborhoods should be avoided? Are there team members (RE agents, wholesalers, lenders, PMs, contractors, etc) you'd recommend? How have you found success finding deals in today's market? What are "typical" rental terms in Sac (e.g. does owner or tenant pay utilities, trash, water etc) for your properties? Are there REI networking groups you'd recommend? I'm seeing a lot of homes up for auction (mostly SFH but some multifamily) around town--do you have any insight into this trend (why all the foreclosures?) or any experience buying homes at auction in Sac? Are there any bedroom communities near Sac you've had success with?
Truly grateful for anything you're able to share!