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Updated over 9 years ago on . Most recent reply

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5
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1
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Steve G.
  • Real estate investor
  • San Jose, CA
1
Votes |
5
Posts

Where to buy first positive cashflow investment property.

Steve G.
  • Real estate investor
  • San Jose, CA
Posted

Hello,

My son is looking to purchase his first rental investment property. He lives in the Bay Area and is looking to buy a positive cash flow single family house (at 20% down). Would it be be best to look in California (Sacramento area, Central Valley) or to look out of state? What are your thoughts?

Thank you ahead of time for your insights.

MODERATOR:  THIS IS A REQUEST FOR WHERE TO INVEST.   IT IS NOT A SOLICITATION OF SERVICES.  ANY ADS FOR PROPERTIES, LOANS OR SERVICES WILL BE REMOVED.  IF YOU MAKE A RECOMMENDATION FOR A LOCATION, PROVIDE YOUR REASONING FOR WHY THAT'S A GOOD LOCATION.  YOU HAVING PROPERTIES FOR SALE IN THAT ARE IS NOT A GOOD REASON TO RECOMMEND IT.

Most Popular Reply

User Stats

338
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135
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Derek Jones
  • Real Estate Agent
  • Sacramento, CA
135
Votes |
338
Posts
Derek Jones
  • Real Estate Agent
  • Sacramento, CA
Replied

@Steve G. it really depends on if your son is comfortable managing and owning out of state for his first investment property.  You can find positive cash flow properties in Sac and surrounding areas but can also find them in other parts of the country. Rents around downtown and midtown are on the rise because of the new arena  and gentrification. But there is still the low hanging fruit surrounding sac that could make for a good investment. Also depends how much your son was looking to spend. $200k might only get him into a C neighborhood here.

@Ramsey Kheshen feel free to message me with what kind of property you're looking at as I work in the Sac area.

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