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Updated over 4 years ago,
Investing in Sacramento County!
Hey guys,
I am about to purchase my first investment property here in California. It is 2 separate units on a 0.5 acre lot (Which is pretty big) in Sacramento County. Main house is a 2/1 with tenant paying $1250 a month (Still paying during COVID). 2nd unit is a 1/1 that could rent for $850 minimum. Also this property has room to add an additional 1 or 2 units on the property to make it a triplex or duplex. So major Value add.
My only concern is if this is the proper time to buy? Is the price of real estate going to crash? I feel like there is some uncertainty in the market with buyers and that could be a good negotiation tactic. Also, is there anyone that does developer work or ADU's / Modular Homes for the additional units I can put on the property. Any Advice would help!