December 7th, 2011 9:54 AM by Eric Fang
I know lots of investors like to go toSacramento, Stockton, Tracy, Antioch, etcto purchase rentals. Those rentalsusually have good cash-flow.
During the 2000-2004 period, I have oneborrower who purchased a few housesat Pacifica and San Francisco. And he told me that he would not invest in Sacramento area. Seems like he is right.
Recently, I have a few investors whoinvested the properties in the bayareaand LA, and San Francisco. They don't want to invest in other areas.
I asked them why? They said that theyare very busy professionals, and they don't want to spend too much time to deal with the tenants.
Even though they don't have 10+ propertieslike others do, but they still build quitehuge equity during the past decade.
Maybe we can also learn something from them?