Undercover Landlord - August Update
Wow, summer is nearly over and my house hasn't sold. Even after lowering the price - twice. Ugh!
As you may recall, although I'm a multifamily landlord, I've decided to dump homeownership and live a renter's lifestyle.
Since the market in Sacramento, California is flattening out, I'm going to pull my parachute and put my home up for rent. We are too far out to move back in. Renting the home will keep my family moving towards the goal. It will also give us a chance to recoup the downpayment I was willing to walk away from.
What's sad is that I don't think I'll be able to get the rent I need to pay the monthly expenses but we'll see. I'm going to take pictures and Craigslist it tomorrow.
Say a prayer for us. Thanks
Comments (3)
@Henry Le, yes I'm talking about the housing market. If you haven't already, subscribe to Ryan Lundquist's Sacramento Appraisal Blog for excellent blow by blow info specific to Sacramento.
Al Williamson, over 10 years ago
@al
@Al Williamson undefined
Thanks, the blog looks great! I just became a subscriber.
Henry Le, over 10 years ago
Good luck with renting the house out!
Just curious, when you say the Sacramento market is flattening out, are you referring to home prices? I notice that somewhat too, but they're still high compare to about 1-2 years ago.
Cheers.
Henry Le, over 10 years ago