Updated almost 10 years ago on . Most recent reply
California Analysis Paralysis
As I'm sure many investors in California can relate, I'm at a roadblock with wanting to buy property here because of the prices. For a few months I've just been trying to determine what I want to do in RE and I love cash flow. I want to buy rental property. But I've got a bit of analysis paralysis because of so many mixed opinions on investing here. I don't have much money and having to put 20% down won't be happening with the 400-500k prices I have in my town. I see dozens of people asking whether they should invest out of state and I see many different answers. With prices so high what would you recommend I do? I absolutely want to buy rentals. I'm not into the whole buy/flip. I really don't want to continue waiting much longer and I'd really love to dive into this already but at the moment I don't know what to do and I definitely won't let this stop me from investing. Just right now I've got an issue and need some help to sort out so I can begin. I did see many posts saying CA was a terrible place for cash flow.
Most Popular Reply
indeed, some areas of California can be a tough nut to crack, especially much of Southern California and the Bay Area for example...but sometimes you can drive to outlying areas and find far more affordable property. In fact, many people have been priced out of the markets so bedroom communities emerge for this niche....these may be ideal renters, too. While it may make self managing harder, you may even find better prices by venturing further into the Central Valley, like a Bakersfield or Fresno... Best of luck