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Where is the best place in the Sacramento area for an investor to buy?

By
Property Manager with HomePointe Property Management, CRMC 00691121
It is always a tough decison where to buy since good properties tend to be priced above what makes sense for cash flow (low rents compared to sales price). I personally like to buy in marginal neighborhoods since they tend to have better cash flow and my company is good at picking tenants like South Sacramento(95820, 95823, 95824, 95828). But some like more middle of the road neighborhoods and pay a little more, with less cash flow Natomas (95834, 95835) or Elk Grove (95624, 95757, 95758) make sense for that middle area. Higher end properties like Folsom (95630) can make sense if the deal is good and the investor can wait out the slow sales market. Of course, there are a lot more choices than that, but most fall in one of those three categories.
Posted by

Robert A. Machado, CPM, MPM

HomePointe Property Management

Sacramento, Yolo, El Dorado, and Placer Counties

We manage residential and commercial property.

916-429-1205 x 105

rmachado@HomePointe.com

Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Bob * I am always curious why real estate investors ask real estate agents about area rents and rental properties and often fail to ask property managers or rental agents for their recommendations. Making the numbers work are critical and most real estate agents do not know how to make the financial #s work.

Great post!!

Nov 14, 2009 06:39 AM