All Forum Posts by: David Zocchi

Thanks for the quick responses! I've been skeptical about finding anything in the 1% range locally. I'm going to drive through the neighborhood.

Searching around and found this. HOA dues seem reasonable, needs work but it's a 2-BR for less than $100k. I'm sure I'm missing something or many things. Thoughts?

https://www.redfin.com/CA/Sacramento/9082-Pinata-W...

I don't have my ducks in a row yet, so anybody that sees this and wants it - go for it. :)

Thanks for the great input everyone. I'm impressed by how open and thoughtful the responses are. Lots to think about!

At this point, I'm really looking for cash flow vs. appreciation, though I agree that the Sacramento area seems to offer appreciation. We've seen that in our home that we bought in 2010. My goal for cash flow is to replace 50% of my income over the next 5-7 years. That means fewer flights, fewer nights in hotel rooms and more time at home. I love what I do, but would like to be more selective. 

Really appreciate the thorough responses.

This is my first post on the forum, though I've read most of the threads and I attend most of the webinars and listen to the podcast. Trying to get my brain fully around the many options for REI, and there's a lot to learn!

My goal for getting into real estate is to generate passive income that will allow me to do less consulting work. I already "quit" my job - or more accurately bought it - so I can set my own schedule and all that good stuff. It pays well, but requires travel and I'd like to be able to spend more time at home and be more selective about the projects I take.

With that in mind, I've looked around a bit and I'm having trouble convincing myself that I should be looking locally for rental property. CA taxes, the Sacramento market's price/rent ratios and some of the CA tenant rights all have me a bit scared off and thinking about looking into other markets. 

So, is it worth looking for rental properties locally? Are Nevada/Oregon/Arizona potentially better options?

Interested in what the folks on this forum have to say. I appreciate it!