Where to invest? California or other parts of the country?

[Aariff Kadar]

Hello everyone,

I live in California and houses are expensive here’s. Will you recommend buying a condo or house ( approximately $600,000) in Southern California and rent it for approximately $2500 - $3000? Or should I buy multiple units in different parts of the country? 

What will you do? 

I don’t have cash, I have to mortgage the house in all cases with 20% down.

Please let me know.

[Chris Mason]

Originally posted by @Aariff Kadar:

Hello everyone,

I live in California and houses are expensive here’s. Will you recommend buying a condo or house ( approximately $600,000) in Southern California and rent it for approximately $2500 - $3000? Or should I buy multiple units in different parts of the country? 

What will you do? 

I don’t have cash, I have to mortgage the house in all cases with 20% down.

Please let me know.

 VERY relevant podcast episode: https://anchor.fm/sean-pan/episodes/33---Why-Investing-in-Your-Backyard-is-the-Best-Strategy-with-Saj-Shah-e3d249?fbclid=IwAR0eZ-wL-Plb00UjP_NIYQ4eSUn-gC26J60yrcKtPSqqOF1qgBHPnX_sjgg