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Contributor
Lily99
Posts: 24
Registered: ‎02-27-2011
0

How is Sacramento's market now?

Is it still possible to get good investment properties? 

BTW, how do you decide which is a good opportunity? I found this calculator, seems pretty useful. If cap rate is above 5%, should I consider it a good one? http://propertycashflowcalculator.com/ 

Contributor
DouglasD
Posts: 14
Registered: ‎08-31-2012
0

Re: How is Sacramento's market now?

It's hard to get a good deal for rental in Sacramento area now.  Any good that's under $160k got multiples bid/overpay by first time home buyers. 

If you're looking to flip, I still see one or two great investments per month.  Be patient and keep hunting. 

Contributor
NorCalRealtor
Posts: 27
Registered: ‎01-17-2013
0

Re: How is Sacramento's market now?

[ Edited ]

Yes there are investors still securing opportunites each month in the greater Sacramento area. THere are even custom home builders marketing new projects in the surrounding areas.