Sacramento Area House Flip and Rental Market

[Victor P.]

Hello BP Community - a family member of mine moved to the Roseville area. How is this area and Sacramento area in general doing for the buy/flip market or long-term rental market? How are folks find motivated sellers?

Thank you!

Victor

[Jeremy Brown]

It’s such a sellers market, it’s really tough to find anything to buy. For the most part, sellers know how easy it is to sell and get top dollar, so it takes a lot of work to find someone willing to let their house go for below market value.

That said, on the sell side, fixed up houses sell very well and there are a lot of cash buyers jumping on houses that are in good condition.

In my opinion, the hardest part of a flip right now is finding anyone to do work at a reasonable price. The high-price guys are all booked way out. The mid-price guys don’t return calls. The low-price guys don’t exist. I have a couple people I use regularly for specific trades, but have some holes I haven’t been able to fill with people at a price/performance point that I’m happy with.