All Forum Posts by: John Berj

I used 7/1 arm provided by builder. its 5.25 with 30% down payment

Just a update, i bought a new build SFH in Rancho Cordava for 560K and rented out for $2900. I would be paying around $200 per month out of pocket.

Hello All,

I am looking to buy Rental property SFH (new build homes) , in range of 550k-660k 2200-2660 sft.

I scotted Roseville, RanchoCordova and Elkgrove.

Rancho-> Has many new builts and cheaper compared to other areas, at same time many rentals available . 

Elkgrove-> Has decent new builts , rentals are less but builders are not ready to bargain

Rosevilee -> This has 3 pockets

.   -> WInding creek- Good schools, costly good rents

.     -> West brook-> Decent schools, medium range, decent rents

.    -> Sierra west-> Bad schools,builders ready to negotiate, rents are not that great

Any advices, pointers on this .

Thanks