Posted by John Lockwood on August 2nd, 2007
These neighborhood came up during a preliminary search on the MLS for investment properties, that is, places that someone might want to rent out. The best homes for renting obviously are those that have at least 3 bedrooms, but having said that I own a 2 bedroom that has been doing quite well.
If I were an investor looking for something to buy at a great price that would rent well with about 20% down, I would be looking at the following (There are other neighborhoods as well, these just have higher inventories):
95864 (Arden area)
95841 (Just off I-80 and Madison)
95621 (Citrus Heights, always a favorite amongst landlords)
95758 (Elk Grove around Laguna)
I will post more as I see them, but if you are going shopping soon, I would focus on these places. There are some good deals here, especially the bank-owned properties.