All Forum Posts by: Siddharth Mankikar

@Simran Singh - We are looking to make around 25% down payment. I agree with everyone here. The numbers make sense with SFRs when no HOA or Mello Roos are involved.

We are clearly entering a very hot market here, especially with everyone looking for bigger space due to the possibility of remote work. From the amount of new construction in the area and the demand for homes in general, the trend may carry over into the next year. It's very likely that we are paying a 10%-20% premium on any property right now. But at some point when the Covid infused mad dash for homes slows down a bit or when an economic downturn hits, some cities may hold the value of their homes more than others. These would be typically homes within good school districts. Is that a right way to look at it? 

Just my two cents. Feel free to disagree and chime in with your thoughts as well :)

Hi, 

I and my wife are in the same boat. We are looking at SFRs in Rocklin / Roseville. Rocklin has some good schools. Folsom may be a bit out of range (over $500K). Lincoln has good potential (newer homes) but you would be paying HOAs and Mello-Roos tax. 

Following up - Which cities / neighborhoods are good for year round rentability? 

Thank you for all your responses. DFW seems to have a lower entry point compared to Denver. I see Frisco, Plano, Mckinney being mentioned as good cities on many threads. I have a question. Why would people rent here rather than buy, when housing is so affordable. How can I be assured of high renter occupancy? 

Hello everyone, 

I am a newbie investor based in the SF Bay Area and my wife and I are looking to buy a SFR home in either North Texas or Denver as a rental investment in the next 1-3 months. Our budget is around $400,000 and the goal is to have rental occupancy. Having graduated from and lived in the DFW area for over 5 years, I am quite familiar with the suburbs there. But the lure of the mountains and a growing influx of tech workers from the bay area makes Denver attractive as well. Also, short to mid-term impact of Covid-19 (due to new possibilities of remote work) is also on our minds. Of course Denver may be a bit pricier as well.

Considering our main goal of renter occupancy, is one market better than the other?