Top California Cities for a Rental Loan

Top California Cities for a Rental Loan

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It’s no secret that California has some of the most highly valued and profitable real estate in the entire country. If you are an investor concentrating on rental properties, the state’s seemingly ever-expanding and truly diverse rental economy are attractive features when looking for locations to acquire assets. Regardless of what you are in the market for, the Golden State truly has something to suit every investment strategy. Although some of the following cities may be more recognizable to the general public than others, they all share one (important) underlying theme: consistent economic and population growth that identifies them as some of the most promising venues for generating passive income for years to come. Alpha Funding Partners can provide you with the financial resources you need with our efficient and flexible rental loans in a fraction of the time it takes traditional lenders—giving you a significant advantage over the competition. Be sure to contact us after reviewing the following market outlooks to see how we can assist you in taking your investment business to the next level.

Victor Valley

Although this area typically flies under the radar, it has shown exponential rental growth in recent years and is showing no signs of slowing down anytime soon. The Southern California Logistics Airport is located just outside of the city of Victorville—providing not only a major source of jobs for incoming residents but also indicates a potential explosion of economic activity. The comparably low rental rates have resulted in an increase in population, while also making it the ideal location for newer investors to get involved in the market early in its expansion phase—a savvy move that could net a healthy profit as more and more potential tenants relocate to this growing community.

Irvine

This small community packs a punch when it comes to potential return on investment. Irvine is a scenic and incredibly safe area that has a ton of attractions and in-demand amenities that are sure to entice quality tenants. The numerous universities located in the area mean that there are a constant stream of potential tenants looking for viable housing options, which is great news for landlords looking to fill their rental properties. All that being said, the real driving force behind rental growth in Irvine is the high home prices in the city which prompt a majority of the population to rent instead of buy. With its close proximity to Orange County, Irvine is a stable investment for the long-term.

Bakersfield

Bakersfield is the ideal spot to snap up a rental property because, similar to Irvine, the home prices have been steadily rising over the years and encouraging more and more of the area’s residents to turn to rental units when selecting a place to live. Bakersfield has a sizeable population and strong economy, which is anchored by the very successful oil production operations in the region.

Blythe

This city is one of the most affordable places to reside in Southern California. Boasting a 94.1 cost-of-living index and reasonable median home values, Blythe is one of the best-kept-secrets when it comes to buying a rental property in California. The occupancy rate for rentals like Airbnb units is 58% with a cash-on-cash return of 8.84%–both of which are very promising metrics for aspiring investors. Due to its ideal location in the Colorado Desert section of the Sonoran Desert, residents and vacation-goers alike get to enjoy a warm summer climate all year long while also taking advantage of its close proximity to Havasu Lake, Joshua Tree National Park and a host of other desirable attractions that are sure to draw in prospective tenants.

If you need a hard money rental loan in California, let the Alpha experts help! We are here to provide you with flexible financing options across the country.

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