All Forum Posts by: Simran Singh

Looking for appreciation. Thoughts on the Sacramento market long term? Areas like Folsom, Roseville, El Dorado Hills for long term appreciation?

@Justin Thorpe I am looking at this thread and in the market looking for my first rental property investment in Caifornia. My budget is around 500/525ishK (I'll put 20-25% down and have it on rent to cover the mortgage). I understand cashflow is non existent in California.

At my price range:

1) Would buying a condo in East Bay (Like Dublin, Pleasanton) and renting it out makes more sense OR buying a 3/2 house in the Sacramento area/Roseville/Folsom etc areas make sense?

2) Also, is it easy to find tenants for the condo in Dublin area OR is it difficult?

Any thoughts from you or others are welcome!

@Katie Phillips I was told that there are Single Family Zoning laws coming to Sac in 2040 that are being approved in 2021? This may impact the value and appreciation for SFRs, especially as rental property investmentx? Or, may be I am not reading this correctly. Let me know if I missed something and if you have any more info on this.

Also tagging others to inputs - @James Peterson  

@DJ Dawson

Thanks everyone for such insightful tips - very helpful!

@Aj Parikh Thanks for sharing this. I read through your experience - congrats on the positive experience and cash flow. My only concern was that this seemed like a 'C' property - which is great to generate good CoC and cash flow. However, I am also looking for long term value appreciation, in addition to decent cashflow and I wonder if the 'turnkey investing' model has any A or B class properties to realize that objective. Any thoughts?

@Siddharth MankikarThanks Siddharth. Are you also looking from an investment perspective? If so, how are you prioritizing cash flow vs appreciation vs market value stability? What kind of down payment and mortgage are you thinking to get enough IRR using the leverage via mortgage amount or are you going with an all cash offer :-).

I also read on other posts that in Sac Area, 2-4 unit multiplex are better investments than the over valued SFRs? Any thoughts there?

@Monique Munoz @Aaron Moayed   Thanks so much. I am looking to buy this as an investment property for renting out.

- Is there enough demand in Rocklin/Roseville to get a SFR rented out easily with stable, long term and high quality tenants?

- I am thinking of putting around 100K down, up to 400K in mortgage and hoping to rent. Do you think there is good capital appreciation and any cash flow here? What vacancy rate and rent amounts can I expect? That’ll help me plan for reserves, as needed.

- What about other areas - I heard about Folsom, Elmhurst, El Dorado Hills, Rancho Cordova, Elk Grove and many other nice areas? Are those not good for getting rental homes in quality neighborhoods with quality tenants within the 500K price range?

Hello everyone,

I have decided to buy a rental property in the Sacramento Area within my limited budget, ofcourse :-).  A few Qs:

- Which areas would you recommend? I am focussing on nicer areas with good quality tenants (educated, professionals, family folks looking to rent, good school districts, less crime)...you know the unicorns :-).

- How much would it cost roughly to be buy a good property in these areas.

- Is it better to buy a Condo OR a SFR here - which has better chances of appreciation in value, good net positive cash flow, and relatively less hassle for ongoing repairs and maintenance?

Any inputs as well as any leads/referrals are welcome. Thanks so much!

Hello BiggerPocketers :-), I am very new to the world of real estate investing (Just bought my 1st home as primary residence and that's what opened up my eyes to the world of RE investing). I am excited! I am based in the Bay Area and am looking to buy rental properties (open to other states where, it seems, the cashflow is much better than CA). I read about hot rental markets such as Atlanta, Dallas, NC, TX, FL, Birmingham, Kansas City, Sacramento/Roseville, East Bay etc? and then ended up on this article on 'Turnkey Investing' and how some companies such as roofstock or homeunion are helping Out of State investors find properties, refab, rent them and help with property management etc.

Any thoughts on using these companies? Are they legit and worth it? I don't mind shelling a small % to them, if in the grand scheme of things, I get a good property in a nice location whose value appreciates, have a decent cashflow on the rent and the property managers are good and I get good tenants. I am leaning towards exploring this option. So, any advice/pitfalls to be aware of would be appreciated. If not using homeunion or roofstock, are there any other local companies you'd recommend in these markets OR is DIY from finding property to PMing yourself etc. my only option?

@Liz Lynn Thanks for you inputs, Liz.  Over the past few weeks, I have become more open to OOS investing and looking into rental markets outside my vicinity and even other states. So, thank you for that. Any thoughts on using HomeUnion OR Roofstock for Turnkey Investing? Is it worth it?