I have some relatives who own some apartment buildings in Cincinnati and I am going to start helping them fix the place up. I am pretty excited about it to get some hands on learning. As I have been reading a lot and educating myself, I have thought about possibly starting my REI in Southern California. Now with the prices being pretty high, I would like to know if this would be a smart idea or not?
in every market there is always opportunity, just educate yourself to be a shopper and not a buyer (unless opportunity presents). In Evert market there is always people moving, devorceing, dieing, going bankrupt, etc. And this creates opportunities to solving problems while making a profit.
It would as long as deals your planning to take on make sense with numbers and overall is a great deal also the apartments fix ups I feel is great
@Donald Kimball great you are working yourself into the market! What are you looking to achieve investing wise? I invest for cash-flow so I do my RE investing in the Midwest to accomplish this goal