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Updated over 6 years ago on . Most recent reply

User Stats

84
Posts
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Vince Rodriguez
  • Rental Property Investor
  • Costa Mesa, CA
52
Votes |
84
Posts

cashflow properties in southern california

Vince Rodriguez
  • Rental Property Investor
  • Costa Mesa, CA
Posted

Hello people,

I am a new investor and looking to buy a property within the next 90 days in southern California. I have about 20k saved up and have a pre approval up to 450k using FHA.

I am finding it hard to find cash flow positive properties in these areas, i havent seen any properties fit the 1% rule and in general they all lose money, esp considering pmi and 3.5% down. I would like your expert opinion on this matter? thanks 

-Vince 

  • Vince Rodriguez
  • Most Popular Reply

    User Stats

    732
    Posts
    490
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    Neal Collins
    • Developer
    • Portland, OR
    490
    Votes |
    732
    Posts
    Neal Collins
    • Developer
    • Portland, OR
    Replied

    isn’t cash flowing properties in Southern California an oxymoron?

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