Duplexes in Midtown Sacramento

[Antonio Guerrera, Jr.]

Hello all,

I have real estate holdings out side in Midtown, Sac.  I would love to position myself to buy in Midtown but at current prices and rent levels I can't make numbers work even with 30% down payment.  I have thought about 1031 exchange into Midtown from other property but still, numbers are tough.  Any advice or is there something I am missing?

[Derek Jones]

Nope, you aren't missing anything. Midtown doesn't make sense for investing and it hasn't for a while. Everything I see for sale puts you in the red monthly unless you put down 40+% down.