Short Term Rental Sacramento Area

[Prachi Metha]

Hi All,

I have been on and off looking into getting an investment property in the Sacramento area. I am planning to get a NON-HOA single-family or multifamily in the Sacramento area (open to Elk grove, Arden-arcadia, South natomas). I have two queries: Has anyone recently done this or is aware of any permit etc needed for the short term rental? Secondly, are there any better areas than others like South Natomas or any for that matter.

[Michael Hyun]

If you want big cash flow, then go for the major STR markets and beat the competition. Its more headache but you can cashflow really good compared to a long term investment. If you want to chill and play the appreciation game a bit (maybe you don't care about cashflow rn) then buy a home in a good area - I did a 1031 from my property in Joshua Tree into a SFH in Livermore CA - and try to hold on to it.