Now move on up to the east side, pay $300,000 for the same size house, pull in a whopping $1800 per month. Oops , now you got a nicer neighborhood, and higher rent, the cost is double (or more), you have to put up 40% down to break even, and 45% to get into positive territory.
For the same down payment money ($120,000 to $135,000 ) you could buy a house in an "edgier" neighborhood for cash or leverage as many as four little houses.
Oh, if you want positive cash flow with only 20% down? You have to think complex, as in duplex, triplex, fourplex....
I have all my rentals in Old Roseville.. 2 houses on 1 lot are preferable= 2 rents rather then 1.
I'm a Real Estate Broker and have 6 rentals in Old Town Roseville. All are rented except for 1 that I will be updating. Positve cash flow
Recently helped a client acquire 2 of these properties and have contractors ready to work and I assist with getting my clients a tenant.
Should you need some assistance email me at email@example.com
I lived in Roseville for 6 yrs and still do business there. I'm usually there at least 1-3 times a wk. I currently live in Lafayette, California. 1.5 hours from Roseville.