Heading to Sacramento

[Gabrielle Martin]

Hi BP Team!

My group is doing flips in the Sacramento and Stockton area and we’re building our team!

CALLING ALL:

Wholesalers

Hard Money Lenders

Real Estate Agents

Contractors

Interior Designers

Let’s network!

Introduce yourself and your business in this thread.

[Kyle J.]

Originally posted by @Josue R.:

I have family/friends in that immediate area of those two area's and one piece of advice, sacramento tends to have a lot of crappy tenant's and do not care for rental properties.Yes people from the BayArea Silicon Valley are moving out that way, but keep in mind the type of tentant's you'll deal with.Elk Grove tends to be a bit better. Stockton is the area where "you don't want to have to move" no body "wants"to live there, i avoid that area at all costs.  If I am low in gas, i still try to avoid that area and go to  the next city just to get my gas. Watch the local news from the area. 

I’m guessing you don’t have any personal experience investing in these areas or you’d know that isn’t the case. 

Sacramento has been hot for years with so many people moving there from the Bay Area that house prices and rent prices have continued to climb as a result. Just one of the many stories like it: SF Gate: Bay Area residents are flooding Sacramento. What’s it really like?

And the very few times I have vacancies on my Stockton rentals, I get so many calls/emails (literally hundreds in a matter of days), that I have to turn my phone off and stop returning the messages, which is okay because it only takes between 1-2 days to get them rented to very qualified tenants. And that’s after I keep bumping up my rents, which seems to be the norm: The Record: Stockton leads nation in rent increases

But I guess no one wants to live in these cities. Which I suppose is what I would think too if I avoided them and only stopped there if I had to for gas. ;)

Point is, if you’re close enough to drive to these cities, maybe don’t write them off completely. You could be missing out on some good investing opportunities.