All Forum Posts by: Dorian Young

@Joe Bertolino when you say path of progress, what trends are you seeing and where do you see the epicenter? I see a general trend south from oak park and Tahoe park, but I know that’s pretty high level.

Natomas, West Sacramento, parts of Rancho Cordova. Citrus Heights down the road if the Sunrise Mall redevelopment takes place. Where are new employers coming to and where are you seeing significant public money flowing. Keep an eye on the Business Journal to see public projects and employers. Watch where the money and jobs are flowing. Significant development, not a Starbucks. Starbucks recently closed 400 stores, they have saturated every natural market so they are reaching out more and more.

In Natomas you have Centene and others bringing in 10,000+ jobs, the zoo likely moving to the old Arco Arena site, major warehouse and distribution centers at Metro Air Park, likely light rail to the Airport.

In West Sac you have the new I street bridge connecting it to downtown, CalStrs adding another tower, multiple housing projects, the $200m riverfront California Indian Heritage Center, etc.

Rancho has a new community center, new hospital, expanded Los Rios comminuty college campus, huge redevelopment at Aerojet bleeding into Folsom Ranch.

There are a bunch of plays all over the region, I just don’t see much upside in that part of South Sac, North Highlands, Rio Linda, etc. It’s cheap for a reason. There is no reason for public and private money to pour into those areas.

Hey, Joe-

I would be curious on your thoughts on Oak Park neighborhood. The neighborhood has gone through alot of gentrification; seems like every other house is being rehabbed. As far as location goes- right next to downtown and some of the areas largest hospitals

0 Votes

Sacramento, California

If it is below market why are you considering spending additional money to build out a kitchenette?

You are essentially renting a stand alone studio at that point. Not sure what the market is in Elk Grove for studios, but a little research may be helpful.

Could you advertise the space as is? How would utilities be split? Are you against sharing common areas with tenant?

Things to think about! Good luck 👍

1 Vote

Awesome man 🔥

0 Votes

@Ola Dantis I hope so as well!

1 Vote

Originally posted by @Ola Dantis:

Pretty interesting to see Sacramento on the list...

How so?

Since Covid, Sacramento has seen an increase of Bay Area folks looking for a more affordable market close to home. Demand is high and supply for rentals at a low

The rental and housing market here is extremely competitive

6 Votes

@Brian Sherman

Sacramento is one of the MOST (if not the most) competitive housing markets in the country ; you'd be hard pressed to find a house on the mls that cash flows.

Something like 60% of properties that hit the mls face bidding wars; even if a property was priced below market you can assume it would be bid up far beyond that rate

Off market would be the way to go if you're looking for a cash flowing property in a primarily appreciation based market.

Good luck!

-D

3 Votes

Sacramento, California

Hi , @Brian Gillies

A couple ideas come to mind..

1. Craigslist search: Search keywords rent to own, lease option, lease purchase, etc..

2. A quick Google search rendered a few sites- first result RentToOwnLabs

3. Find a homeowner whose property has been on the market for a while. Contact them directly and run idea by them

4. Check sites like Zillow and Trulia employing similar tactic as the latter provided- search for homes that are listed as both for rent and for sale

Good Luck

0 Votes

Sacramento, California

@Cortney Arenstein:

I appreciate your input from the other perspective. All the points you made are valid and make cents (Lmaao)

Thank you!

-D

1 Vote

Sacramento, California

All Forum Posts by: Dorian Young

Dorian Young has started 1 posts and replied 21 times.

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