West Coast Investors where do you buy??
Out of curiosity where do you West Coasters spend a majority of your investing dollars? We've got probably about 20-25 owners out of California and I know the majority of the reasoning is that they can't buy diddly in Cali for what they can get 10 houses here in Indiana for so I'm just curious to see what other markets you find are successful or are you investing in your back yard??
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@Adam Gerig , in addition to west coast US, I have several clients that buy here in Indy from Canada, Australia & Hawaii - all have similar markets to the west coast US. Most are very happy with a net 12% CAP Rate on simple a SFH.
Like you said, It's hard for me to consider anything less than double digit for my portfolio.
I like @Ed Wood comment about the $500k-$1M rehab market in Cali.