All Forum Posts by: Raj Singh

Good Afternoon BP Community,

I am excited to purchase my first investment property (Duplex in Sacramento, CA) the duplex purchase price is $600,000 and there currently are tenants at the property. One tenant is month to month, paying $2000/ month and the second tenant has a lease till next Feb 2025 at $1700/ month. I wanted to ask for the advice of the experienced investors who have purchased multi families units (especially duplex's) on a few topics.

1) Do I still need to vet the current tenants at the duplex? Is there anything that should be done from a screening standpoint for these existing tenants? 

2) What are the potential challenges that I should be aware of with being the landlord of a multi family unit? What are some of the tips and pointers you can provide on how to navigate these challenges?

I would appreciate the sage advice :)

Thanks!

Raj 

Good Morning Yue,

Appreciation is of a higher significance to me than cash flow. I would be good with purchasing a property that needs cosmetic repairs. Where can I find these 'fixer upper' opportunities? Also, what areas would you recommend to look at?

Good Afternoon Guys,

I am looking to purchase my first investment property in the Sacramento and/or Central Valley CA area. I am a little apprehensive as I have little experience with property investing and am concerned that it currently may not be the best time to buy. Having said that, I am very interested in purchasing my first rental property and am leaning more towards a duplex / fourplex. I am looking for a property in the region of $600,000 - $800,000 and would like to get some suggestions on the best areas in Sac / Central Valley where I can get the biggest bang for my buck. Please provide any suggestions and/or helpful tips.

Thanks!