Better cap rates

[Account Closed]

San Diego has pretty low cap rates in 4-5% range.

Where can I find higher rates around 7-10?

[David Faulkner]

Originally posted by @Account Closed:

Cash flow is most important to me, more so than appreciation. 

Profit is what is most important to me. Appreciation is what gives me the most profit, in the form of increasing equity and cash flow both, and in addition to increasing over time it is also much more consistent, higher quality cash flow than what you'd find in a higher CAP rate market. As an added bonus, we also happen to live in just such a highly profitable market so we have home court advantage to boot. Why on Earth would you want to throw all those advantages away to chase short term paper cash faux in a high CAP rate market that you are not familiar with, which is thousands of miles away, and where you would need to depend on the kindness of strangers to manage the properties with your best interests at heart and make or break your investment?!?

How was that for my @Account Closed impersonation? :)