All Forum Posts by: Paul Rumolo

Congrats Paul to you and your partner. Sacramento is a great area to find value add properties andvit sounds like you brrr strategy is working for you.

@Paul Rumolo The prices have gone up a bit over the last 2 years and the inventory is still low and demand still strong so it doesn't seem to be slowing down. But the average price of SFR I think is around $290k so compared to California it is still a deal. Even in nice areas like Summerlin or Henderson you can still find nice homes for about 1/3 to 1/2 the cost as the same type of house in California in a similar area.

I use a local property management firm there and they've been really good to work with, and my Realtor I found through talking to a few first.  He's a good guy and I will continue to work with him.

@Paul Rumolo I think that's a common theme with a lot of California investors right now, the prices.  I was trying to buy fron 2013-2015 here and even then it wasn't easy, not much inventory and rapidly climbing prices.  So that's why I decided to look elsewhere.

I am currently invested in Las Vegas and found some great deals when I bought just before the prices really took off.  I have great tenants and have had no problems there at all.  I still like it as a place to invest due to the demographics, new sports teams and other projects like UNLV expansion, new resorts and convention center.  To a lesser extent I am also looking in Idaho and Utah, although I won't be in a position to do any more deals until the end of next year at the earliest.  

@Paul Rumolo Yes I am currently only invested out of state and future investments will also likely be out of state.   Not that I think California is a bad place to invest, it's just gotten so expensive it's hard to find anything that works for me from a financial perspective.

Welcome! Sacramento has definitely been seeing a large increase in property values! Best of luck in your endeavors.