Rental Property Investor · Los Angeles, CA · Member since 2018 · 9 posts · 3 votes
I live in Los Angeles and I have bought a couple properties here locally but I'm not in a position to afford much more here with the high prices. I have s large network of friends that live in Los Angeles also and want to invest in real estate but are looking for investments with good cash flow to help build wealth.
I'm looking for suggestions on a city that I can fly to easily that will help me invest in multiunit residential properties that will give me good cash flow. I'd like to partner up with a local investor or broker that can help me build a portfolio with good cash flow.
what cities should I look at? what suggestions do you have for me?
Omid in LA
All of California's money is flowing into Texas for a reason. Austin or DFW are the common favorites, but any of the Four Metros will work fine if you don't want to sweat going out into the smaller towns.
That said, it's a very competitive market. You need to know more about what you want besides just "cash-flow" because everyone is looking for cash-flow. Successful investors take the time to truly hammer out their strategy so that they don't waste time looking at 100 properties they'll never buy.