1031 exchange of South Bay townhome?
If home (rental) is paid off, is it worth exchanging into either a multi-unit property or a couple of SFHs in the outskirts somewhere? If so, where? Targeting both rental cash flow and long term appreciation since both are low with townhomes. The townhome will probably sell for something like $1.4M. I am assuming there are better options to invest this than leave it as is.
Fresno is full of crooks and people who have barely any jobs. Why would you buy a property in a city where job market is almost nonexistent?
There is a university
Owning a property in university area has always been a bad investment
Invest outside California
Inside* taxes are bananas outside of ca.
Yes. Never buy a condo
Suburbs of Kansas city will get you multi family and good rents ... Kansas City Mo could work too but some landlord challenges are popping up... Concord CA another option if you going for local ish...lot of panic around new rent control if you can navigate it...
There is rent control in Concord now?
They're trying to put it to a vote so much drama though And shitty version of rent control.... CA has rent control statewide...so this kind of pointless but again could be decent opportunity if you can navigate it
Squatters are coming for your home
Fresno
👍 Central Valley population growth is what’s keeping the state population from declining
Is the rental market good for landlords or are there a lot of investment properties sitting on the rental market?