Is now a good time to invest in rentals in Modesto, CA?

Profile picture for InvestorMark09
I recently saw Modesto was on the list of most undervalued real estate in the country. Is now a good time to buy cash flowing rentals there? I am an experienced investor with cash, and am looking for properties where the monthly income is roughly 2% of the purchase price...I also am looking to make contact with a realtor who is experienced with these kinds of investments in the area.
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January 04 - Modesto
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Answers (4)

Profile picture for Brad Young1
The way I evaluate cash flow is to compare the yearly income to the rent. With either a cash purchase or a loan the return on investment is going to be close to 8-10% a year. I have experience working with investors. Let me know if I can be of service. - Brad Young
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January 05
Profile picture for Welcomehomejeff
In a word InvestorMark09 . . YES. . I do not work in the Modesto area, but let me tell you as many agents probably already have. Interest rates are an all time low. . prices are fantastic. . and if you are paying cash? Wow even better . I am pretty certain your bank is not giving you anywhere near the return a rental property will offer.  If you have any  other questions or more specific concerns, I would gladly answer them if I can.
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January 04
Profile picture for fernando sanchez

You will get the most return for your money depending in what area of Modesto you decided to invest in. Also, there is a lot of fixer uppers in town with potential. I am a Local Realtor for the area if you would like more information please contact me.

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January 04
Profile picture for Joshua Rabinovitz
It is always a good time to consider a real estate investment. Be a prudent buyer and do homework. Also find a good agent to help you in the process. Best, Joshua Rabinovitz.
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January 04
 

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QuestionIs now a good time to invest in rentals in Modesto, CA?
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