Investor · Roseville, CA · Member since 2009 · 1k+ posts · 583 votes
6y
@Trupti RaisoniGone are the days when you can find a house under 150k. Homes in the hood are going for 200k or more now in Sacramento. Citrus Heights homes are 250k and more.The lowest priced home in Citrus heights is 270k now. In order to get a house in the low 200k range, you can find them in North Highlands. Any home you purchase will get rented easily due to lack of rentals in all of Sacramento county.It is almost impossible to find a house where the rents will be 1% of the purchase price even with a duplex. I am very familiar with the market around Sacramento so if you ever have questions ,send me a pm.
Investor, Agent, CPA · West Sacramento, CA · Member since 2009 · 690 posts · 262 votes
6y
@Trupti Raisoni, the properties in that area can vary, so too can the area block by block. But in general there is good demand as it is close to downtown and other part of Sacramento area. What specifically are you looking for in a rental? What are your goals?
@Sergey Tkachev my interest in sacramento area is more of entering into rental market and getting minimum 10% cashflow going yearly. I am currently new to rental market sonany suggestion or help would be great
Wholesaler · Sacramento, CA · Member since 2020 · 30 posts · 1 vote
6y
@Trupti Raisonioh I was asking because I'm bout to help a investor liquidate his portfolio. 4 in Taft and 1 In Bakersfield. All ROI at 25%-30%Less the $70K a property
Investor · Roseville, CA · Member since 2009 · 1k+ posts · 583 votes
6y
@Trupti RaisoniGone are the days when you can find a house under 150k. Homes in the hood are going for 200k or more now in Sacramento. Citrus Heights homes are 250k and more.The lowest priced home in Citrus heights is 270k now. In order to get a house in the low 200k range, you can find them in North Highlands. Any home you purchase will get rented easily due to lack of rentals in all of Sacramento county.It is almost impossible to find a house where the rents will be 1% of the purchase price even with a duplex. I am very familiar with the market around Sacramento so if you ever have questions ,send me a pm.
@Sergey Tkachev sure Ihave been doing some research on properties in citrus heights and sacramento area but anything below 150k is hard to find
I agree with @Gordon Cuffe, you won't find a home under $150k in the Sacramento area unless its a very, very heavy fixer. You would have to go to secondary markets to find properties at that range.
Investor · Gardena, CA · Member since 2016 · 41 posts · 14 votes
6y
@Siale Havili i own a couple properties in Taft and would be interested in buying all 5 properties. Can you please send info on the properties to me as well?