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Updated over 8 years ago on . Most recent reply

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2
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2
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Rajeshwar Raj
  • Investor
  • Hawthorne , Ca
2
Votes |
2
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Investor from Ca

Rajeshwar Raj
  • Investor
  • Hawthorne , Ca
Posted

I am new to Bigger Pockets. My long term goal is to own a multi family property. Currently I have two rental  properties. I am particularly interested in the northern California (Sacramento) area. 

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14
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6
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Antonio Guerrera, Jr.
  • Investor
  • Sacramento, CA
6
Votes |
14
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Antonio Guerrera, Jr.
  • Investor
  • Sacramento, CA
Replied

Welcome Raj.  Sacramento is very competitive right now.  Especially mid-town.  To invest in resale there you will have to move fast and be very close to the list price.  Unless you are highly leveraged and don't have much "skin in the game" as they say, your cash on cash return will be very low.  It's just very hard to justify the prices with the income coming in on these units.  But maybe there is another way:  foreclosure, wholesale, off-market.  Wish you success and let us know how you are doing.

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